(General Power of Attorney For Book Debts and Supply Bills) : Appendix - 45
(General Power of Attorney For Book Debts and Supply Bills) : Appendix - 45
(General Power of Attorney For Book Debts and Supply Bills) : Appendix - 45
The bank is hereby authorised to do and performs, act/s the following acts in its own name and on behalf
of as if principal/s has / have personally done.
2.
To demand / collect on behalf of the principal/s all payment due to him / them from all and every person
and to give valid receipts / discharge for having received the same on behalf of and in the name of the
principal/s.
3.
To recover and receive / realise any debt due and owing and that may hereafter become due and be owing
to principal/s from any person/s, firms.
4.
To demand / sue / recover all non-payments of the dues to the principal/s and or to take any other
proceedings for recovery thereof in a court of law / tribunal / authority as the case may be.
5.
To sign, verify and file plaints, applications, written statements, objections, execution of decrees or orders
of any court or tribunal and to bid for and purchase property in court sale in execution of decrees or
otherwise.
6.
To defend compromise, compound or withdraw every case or refer any matter or case to arbitration.
7.
To appoint and constitute on behalf of the principal/s, pleader/s, vakil / advocate/s, or any other attor-ney
whenever and wherever deemed necessary at the absolute discretion of the attorney and or to dismiss /
change them whenever attorney thinks it proper.
8.
Generally to sign, collect, do and perform such instrument and all acts and things that may be required or
necessary in or about the execution of these presents according to the true intention thereof.
9.
The authority hereby given shall be irrevocable and shall remain in full force and virtue until all the
liabilities of the principal/s to the Bank are satisfied / paid / adjusted out of the realisation made in
pursuance hereof or otherwise.
10.
The principal/s hereby undertakes to hand over all the documents /accounts in connection with the book
debts or otherwise as may be required by the Bank on being requested / called upon to do so either for the
purpose of inspection / perusal or for the purpose of production before the court.
11.
The borrower hereby specifically confirms the right of authority of bank to adjust / appropriate towards the
dues of the principal/s out of the net realisations / recoveries made pursuant to these presents.
12.
The principal/s hereby agree/s to ratify and confirm whatsoever shall be lawful by virtue of these presents
and hereby agree/s to ratify and confirm as valid and effectual against his / their successors in business or
assignees whatsoever.
In witness whereof THE PRINCIPAUS ABOVE NAMED HAS / HAVE signed this Deed of Power of
Attorney this.............................................................................date..................................20..........................
Witness:
1.
(To be attested by a Notary Public or a Sub-Registrar)
2.