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    Power of Attorney To Collect Debts: Form No. 3

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    Sudeep Sharma
    The document is a power of attorney granting Mr. [name omitted] the authority to collect debts on behalf of Mr. [name omitted]. It gives Mr. [name omitted] broad powers to demand and recover debts owed, file lawsuits, settle disputes, and delegate responsibilities to collect specific debts. The power of attorney was signed by Mr. [name omitted] on [date omitted] and allows Mr. [name omitted] to take all necessary legal actions to recover debts owed to Mr. [name omitted].

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    Power of Attorney To Collect Debts: Form No. 3

    Uploaded by

    Sudeep Sharma
    248 views2 pages
    The document is a power of attorney granting Mr. [name omitted] the authority to collect debts on behalf of Mr. [name omitted]. It gives Mr. [name omitted] broad powers to demand and recover debts owed, file lawsuits, settle disputes, and delegate responsibilities to collect specific debts. The power of attorney was signed by Mr. [name omitted] on [date omitted] and allows Mr. [name omitted] to take all necessary legal actions to recover debts owed to Mr. [name omitted].

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    agreement

    Original Title

    agreement

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    The document is a power of attorney granting Mr. [name omitted] the authority to collect debts on behalf of Mr. [name omitted]. It gives Mr. [name omitted] broad powers to demand and recover debts owed, file lawsuits, settle disputes, and delegate responsibilities to collect specific debts. The power of attorney was signed by Mr. [name omitted] on [date omitted] and allows Mr. [name omitted] to take all necessary legal actions to recover debts owed to Mr. [name omitted].

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    248 views2 pages

    Power of Attorney To Collect Debts: Form No. 3

    Uploaded by

    Sudeep Sharma
    The document is a power of attorney granting Mr. [name omitted] the authority to collect debts on behalf of Mr. [name omitted]. It gives Mr. [name omitted] broad powers to demand and recover debts owed, file lawsuits, settle disputes, and delegate responsibilities to collect specific debts. The power of attorney was signed by Mr. [name omitted] on [date omitted] and allows Mr. [name omitted] to take all necessary legal actions to recover debts owed to Mr. [name omitted].

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3347

    Form No. 3
    Power of Attorney to Collect Debts
    TO ALL TO WHOM THESE PRESENTS SHALL COME, I Mr. ... of ...
    residing at ... send Greetings :
    WHEREAS
    1) In the course of my business, I have several amounts to recover from
    others and which were either advances or loans or on account payments
    or as deposits or arising out of sale and purchase of goods.
    2) Due to my old age (or any other cause) I am unable to take neces-
    sary action to recover the said debts and I therefore propose to appoint
    Mr. ... residing at ... as my Attorney or agent, to do all acts and things in
    that behalf which he has agreed to do.
    NOW KNOW YOU ALL and THESE PRESENTS WITNESS THAT I Mr. ...
    do hereby appoint, and constitute the said Mr. ... to be my true and lawful
    attorney with all authority to do and execute the following acts, deeds and
    things in my name and on my behalf and in my name viz.
    1) To demand and recover all the debts and other amounts due or pay-
    able to me on any account from any person or persons including anybody
    corporate or any Govt. or any local or other authority and to give valid
    receipt or discharge for the same.
    2) To file suits, petitions, or take any other legal action, against any
    such person as aforesaid to recover the debts or other amounts due and
    payable by him to me, in any Court of law, Tribunal or any other judicial
    or quasi judicial or executive authority.
    3) To compromise, compound or settle or adjust any debt or other
    amount due and payable to me by any such person on such terms and
    conditions as the attorney may think fit.
    4) To take any insolvency or liquidation proceedings against any person
    who is indebted to me for any amount.
    5) For the purpose aforesaid to sign, declare and file plaints, petitions
    applications, affidavits and other papers referred required to be filed in
    any court or tribunal in any such legal proceedings.
    6) To defend any legal action taken against me in the matter of any
    debt due to me or alleged to be due by me in any court or tribunal.
    7) For the purpose aforesaid to appoint any advocate or advocates and
    to sign vakilatnama in his or their favour and to change him or them if
    required and to settle and pay their fees.
    8) To refer any dispute regarding any debt or other amount due to
    me or alleged to be due by me to arbitration to one or more arbitrators
    as required and file statements of claims or defences and documents, to
    give oral evidence and to conduct such activities personally or through
    advocate and to sign the agreement for reference to arbitrators.
    9) To appoint a substitute or substitutes for recovering any particular
    debt or other amounts due to me and to delegate to him all or any of the
    powers herein contained as the attorney may think fit.
    3348
    10) To do all other acts and things as may be required to be done to
    recover or realise the debts and all other amounts due and payable to me.
    AND I, hereby ratify and confirm all lawful acts done by the said at-
    torney pursuant to this Power of Attorney.
    IN WITNESS WHEREOF I Mr. ... have put my hand this day of ... 19
    Signed and delivered by Mr. ...
    in the presence. . . . . . . of . . . . . . . . . .
    ________________
    Stamp Duty, eStamping & Registration : See the Indian Stamp Act, 1899 (2
    of 1899), Rates of Stamp Duty in various States, eStamping and Compulsorily & Option-
    ally Registrable Documents under the Registration Act, 1908 (16 of 1908) in respective
    later Part/Chapters on Stamp Duty, eStamping & Registration of Deeds & Documents.
    POWER OF ATTORNEY TO COLLECT DEBTS

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