Topic
The Gujarat HC held a POA is not irrevocable unless the agent has an interest in the subject-matter, letting the principal cancel it even after partial use. Any sale deed executed by the agent after cancellation is void, shielding principals from unauthorized transfers.
The Supreme Court held that an insurer is not bound by an agent's unauthorized assurance of coverage when the statutory premium condition under Section 64VB of the Insurance Act, 1938, remains unfulfilled. The ruling underscores that premium payment is a condition precedent to coverage, overriding any agency representations, and overturns the NCDRC's award to the insured.
The NCDRC ruled that a director’s express authority binds the developer in redevelopment projects, and that buyers of such flats qualify as consumers under the Consumer Protection Act, 1986. This gives purchasers the right to seek redress for deficiencies in the scheme and extends consumer-protection safeguards to flat buyers dealing with corporate developers.
Karnataka High Court holds that unregistered general power of attorney authorizing sale does not invalidate registered sale deeds if no interest is created in the agent.