Power-of-Attorney to Recover Debts

Updated at:March 2010
 
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By this power-of-attorney I, Vatsala Parmar of, etc., do hereby constitute and appoint Chirag Desai of, etc., my attorney, for me, in my name and on my behalf to do inter alia all or any of the acts, deeds and things, viz.

(i) To ask or demand and receive from the person or persons named in the Schedule below the respective amounts mentioned against their respective names and all or any other debt or debts or claim or claims now or hereafter due.

(ii) To collect, receive and realise all such amount or amounts due and payable by them now or hereafter fully or partially, in lump sum or by instalments (which he is empowered to grant) or otherwise and to give and execute all necessary receipts and discharges for the same with power to accept security and grant time for payment.

(iii) To institute suits or other legal proceedings authorized by law for recovery of all or any of such debts or claims and to sign any plaint, petition or other pleadings, vakalatnama, warrant of attorney, to execute any decree or order.

(iv) To compromise any such debt or claim, withdraw any suit or other proceedings, to refer to arbitration any dispute or difference and to prosecute or defend any bankruptcy or insolvency proceedings.

(v) Generally to do all such acts, deeds...

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