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Mukesh Desai   21 March 2019

buying petrol pump which have other person dealership

if I am buy petrolpump from any person who have dealership
how can I get full powers ??
with help of power of attorney or
anything else ?


 1 Replies

G.L.N. Prasad (Retired employee.)     22 March 2019

Any dealing with PSU dealing with petroleum business is highly risky.  PSU has got a team of legal experts and can resort to any action to thwart giving possession and delay the case for decades.

It all depends on lease terms and please remember that as per Supreme court judgment in Bharat Petroleum Corporation Vs. Chembur Service Station a dealer can claim possession as per DPSL agreement.  Though one may purchase such properties, the purchaser can not get possession.

Getting any information from PSU is highly difficult.  In your own interest by contacting an expert Advocate take all precautions while dealing with such PSU Oil companies.

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