https://www.taxtmi.com/caselaws?id=309358 The appeal was allowed, and the impugned orders were set aside. The Court held that the General Power of Attorney (GPA) executed in favor of the Appellant was a genuine transaction, conferring valid ownership and possession rights. The property covered by the GPA should not be subject to execution proceedings. The Court emphasized the importance of adhering to the principles of the Indian Contract Act regarding the assessment of damages and penalties, ruling that unreasonable penalties are unenforceable. en-us Wed, 19 Feb 2014 00:00:00 +0530 Sun, 27 Aug 2023 11:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309358 The appeal was allowed, and the impugned orders were set aside. The Court held that the General Power of Attorney (GPA) executed in favor of the Appellant was a genuine transaction, conferring valid ownership and possession rights. The property covered by the GPA should not be subject to execution proceedings. The Court emphasized the importance of adhering to the principles of the Indian Contract Act regarding the assessment of damages and penalties, ruling that unreasonable penalties are unenforceable. Case-Laws Indian Laws Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309358