A partnership firm namely M/s ABC comprising of two partners namely - P1 and P2. In the year 2014 the said two partners jointly executed a registered Deed of General POA in favour of X in respect of their firm M/s ABC. Now the parners wants to revoke the said power. But partner P1 resides out of the state and is presently unable to travel.
Hence Partner P2 executed a Deed of Revocation in the name of the Firm and presented it for registration. But the registering authority is refusing to register the same on the ground that the Revocation Deed must be executed by both the partners as the original POA was executed by both of them.
In my view this parter has power under the Partnership Act to execute such deed anf get it registered.
Please guide. Let me know if there is any suitable case laws.