POWER OF ATTORNEY TO COLLECT DEBTS [CD1]
To All to Whom These
Presents Shall Come, I Mr. ... of ... residing at ...
Whereas
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.
And Whereas due to my old
age (or any other cause) I am unable to take necessary 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 payable 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, petition 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
vakalatnama in his or their favors 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 defenses 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.
10. To
do all other acts and things as may be required to be done to recover or realize
the debts and all other amounts due and payable to me.
AND I, hereby ratify and
confirm all lawful acts done by the said attorney pursuant to this Power of
Attorney.
IN WITNESS WHEREOF I Mr. ...
have put my hand this ……. day of ……….. , 2000.
Signed and delivered
by Mr.
in
the presence ....... of ..........
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