https://www.taxtmi.com/caselaws?id=272710 Cancellation of powers of attorney must clearly identify each instrument; an ambiguous notice referring to only one of two distinct powers cannot revoke both. Under section 202 of the Contract Act, an agency granted for valuable consideration to secure an enforceable sale transaction is coupled with interest where the attorney has a legally protected benefit in the subject matter, and cannot be revoked to that person's prejudice. An agreement for sale may create such interest through enforceable rights to conveyance and possession. Interest on unpaid purchase money under section 55(4)(b) of the Transfer of Property Act is payable only upon delivery of possession, absent another contractual or statutory basis. en-us Thu, 15 Sep 1977 00:00:00 +0530 Mon, 14 May 2018 15:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272710 Cancellation of powers of attorney must clearly identify each instrument; an ambiguous notice referring to only one of two distinct powers cannot revoke both. Under section 202 of the Contract Act, an agency granted for valuable consideration to secure an enforceable sale transaction is coupled with interest where the attorney has a legally protected benefit in the subject matter, and cannot be revoked to that person's prejudice. An agreement for sale may create such interest through enforceable rights to conveyance and possession. Interest on unpaid purchase money under section 55(4)(b) of the Transfer of Property Act is payable only upon delivery of possession, absent another contractual or statutory basis. Case-Laws Indian Laws Thu, 15 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272710