IRREVOCABLE POWER OF ATTORNEY
I, Balwant Singh Cheema, son/daughter/wife of Late Sh. Kartar Singh Cheema, residing at House No. 2211, Sector 15-C, Chandigarh 160015, PAN AAAPB1234C (the "Principal"), do hereby appoint, constitute and nominate:
Ekta Developers, through its partner Rakesh Mittal, son/daughter/wife of X, of SCO 212, Sector 34-A, Chandigarh 160022, PAN X (the "Attorney"),
to be my true and lawful attorney, in my name and on my behalf, in respect of the property and powers described below, upon the terms and subject to the conditions of this Power.
RECITALS
A. The subject matter of this Power is: Plot No. 412, Sector 82, S.A.S. Nagar (Mohali), measuring 300 square yards, more particularly described in the Schedule.
B. The Attorney has an interest in that subject matter, namely that the Attorney has paid consideration for the property or right described below, under an agreement to sell, an allotment or a similar arrangement, and holds an interest in it that pre-dates this Power. Particulars: Agreement to Sell dated 4 February 2026 between the Principal and the Attorney for Rs 68,00,000, of which Rs 20,00,000 has been paid as earnest money, receipt whereof the Principal acknowledges.
C. The amount of consideration or advance involved is ₹20,00,000 (Rupees Twenty Lakh only).
D. Because the Attorney has an interest of their own in the subject matter of this Power, the Principal grants this Power as one coupled with interest within the meaning of s.202 of the Indian Contract Act, 1872, and intends it to be irrevocable to the extent stated in clause 5 below.
E. THIS POWER DOES NOT TRANSFER OWNERSHIP OF ANY IMMOVABLE PROPERTY. In Suraj Lamp & Industries Pvt. Ltd. v. State of Haryana, (2012) 1 SCC 656, the Supreme Court of India held that immovable property can be transferred only by a registered instrument of conveyance, and that a power of attorney is an instrument of agency, not of transfer. Nothing done by the Attorney under this Power passes title to any immovable property; title passes, if at all, only by a separate registered Sale Deed, Gift Deed or Exchange Deed executed in accordance with law.
NOW THIS POWER OF ATTORNEY WITNESSES as follows.
- 1. APPOINTMENT
1.1 The Principal appoints the Attorney as the Principal's true and lawful attorney, to do the acts described in clause 6 and clause 7 in relation to the subject matter described in Recital A, in the Principal's name and on the Principal's behalf, as fully and effectually as the Principal could do personally.
- 2. THE SUBJECT MATTER
2.1 This Power relates only to: Plot No. 412, Sector 82, S.A.S. Nagar (Mohali), measuring 300 square yards, more particularly described in the Schedule, more particularly described, where necessary, in the Schedule to this Power. The Attorney has no authority under this Power in respect of any other property or right of the Principal.