Irrevocable Power-of-Attorney

Updated atMarch 2010

Know all men by these presents, I, Mr. Ankit Bhatt, residing at ………………………… …………, hereinafter referred to as the principal state as follows:

Whereas I am the owner of the land with partly constructed house on which further construction is in progress as mentioned in the Schedule hereunder.

And whereas for effective management of the property I wish to engage an Attorney so that from the income of the property or from the sale proceeds of the property, the said Attorney can liquidate any outstanding claim lying or occuring or arising against me with Messrs. HDFC Home Finance Limited, in the event of my failure to settle the same.

Now know all men by these presents that I, Mr. Ankit Bhatt, do hereby and hereunder irrevocably nominate, constitute and appoint the said HDFC Home Finance Limited or any Principal Officer thereof and/or any other person who may be nominated by the said HDFC Home Finance Limited, or its assigns from time to time in this behalf to be my true and lawful Attorney for me and in my behalf and in my name to represent me and do all acts, deeds, matters and things in connection with the sale of the Property/Properties as per Schedule below that is to say:

  1. To negotiate on terms for and sell my property, details whereof are mentioned in the schedule to any purchaser or purchasers at such price which my said Attorney in its absolute discretion think proper, to agree upon and to enter into any agreement or agreements for such sale and/or to cancel and/or repudiate the same.

  2. To receive from the purchaser or purchasers any earnest money and also the balance of purchase-money and to give good valid receipt and discharge for the same which will protect the purchasers without being required to see the application of the money.

  3. Upon such receipt as aforesaid in my name and on my behalf to sign and execute any conveyance or conveyances of the said property in favour of the said Purchasers or their nominee or assignees.

  4. To sign and execute all other deeds, instruments and assurances which it shall consider necessary and to enter into such conveyance as may be required for fully and effectually conveying the said property and for that purpose to engage lawyers, file suits before appropriate Courts of Law and to execute decree as I could do myself.

  5. To deliver possession of the aforesaid house, flats/apartments described in the schedule below, if necessary by evicting the occupants, irrespective of their legal status in the said...

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