agreement of sale/irrevocable GPA
24 Feb 2011, 07:44
Market value paid. An agreement of sale cum irrevocable gpa was obtained.Buyer signed in the agreement of sale to represent the seller in all legal matters.The agreement of sale also has indemnity clause.
The said property has gone into litigation as the seller had sold the property to multiple people without intimating the buyer. Now the person who has the GPA is threatening to take criminal action against the seller. can he take criminal action against the person who gave the gpa, after all he is just a gpa holder.
karunaker reddy
1 Reply
Dear Reddy garu
In andhra pradesh there is one comany by nmane Nava Bharat Ventures Limited. On e employee of the company by nmane Mr. N. Prabhakar has purchased lands worth of more than TWO crores by utilising the comany funds by way of a an agreement of sale cum GPA from various vendors. Is this valid.