Power of Attorney to Collect Debts (India) by OLL
Prefer the original wording?
Power of Attorney to Collect Debts
To All to Whom These Presents Shall Come, I Mr. ... of ... residing at ...
Whereas in the course of my business. I have several amounts to recover from others and which were either advances or loans or on account payments or as deposits or arising out of sale and purchase of goods.
And Whereas due to my old age (or any other cause) I am unable to take necessary action to recover the said debts and I therefore propose to appoint Mr. ... residing at... as my attorney or agent. to do all acts and things in that behalf which he has agreed to do.
NOW KNOW YOU ALL and THESE PRESENTS WITNESS THAT I Mr.... do hereby appoint. and constitute the said Mr. ... to be my true and lawful attorney with all authority to do and execute the following acts, deeds and things In my name and on my behalf and in my name viz.
1. To demand and recover all the debts and other amounts due or payable to me on any account from any person or persons Including anybody corporate or any Govt. or any local or other authority and to give valid receipt or discharge for the same.
2. To file suits, petitions. or take any other legal action, against any such person as aforesaid to recover the debts or other amounts due and payable by him to me, in any Court of law, Tribunal or any other judicial or quasi judicial or executive authority.
3. To compromise, compound or settle or adjust any debt or other amount due and payable to me by any such person on such terms and conditions as the attorney may think fit.
4. To take any insolvency or liquidation proceedings against any person who is indebted to me for any amount.
5. For the purpose aforesaid to sign, declare and file plaints, petition applications, affidavits and other papers referred required to be filed in any court or tribunal In any such legal proceedings.
6. To defend any legal action taken against me In the matter of any debt due to me or alleged to be due by me in any court or tribunal.
7. For the purpose aforesaid to appoint any advocate or advocates and to sign vakalatnama in his or their favour and to change him or them if required and to settle and pay their fees.
8. To refer any dispute regarding any debt or other amount due to me or alleged to be due by me-to arbitration to one or more arbitrators as required and file statements of claims or defences and documents, to give oral evidence and to conduct such activities personally or through advocate and to sign the agreement for reference to arbitrators.
This is a preview. The full template is free on GitLaw.
This document is a formal Power of Attorney designed to authorize an agent or attorney to recover and collect debts on behalf of another person. It grants the attorney specific powers to file lawsuits, settle claims, initiate insolvency proceedings, and hire legal counsel to ensure the principal's financial interests are protected.
5.0 out of 5 on Google
Read reviewsAs seen in
About this template
What is this template?
This is a special power of attorney limited specifically to the management and recovery of financial debts. It is not a general power of attorney covering property sales or health decisions, and it specifically includes the power to sign a vakalatnama for Indian court proceedings.
When should you use it?
Use this when you need a third party to manage legal debt recovery in India, including filing court documents and attending tribunals. Use a General Power of Attorney instead if the agent needs to manage all your financial affairs including real estate.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Recovery and Receipt | Authorizes the attorney to demand debts from individuals, corporations, or government authorities and issue valid receipts for payments received. |
| 2 | Legal Action | Permits the attorney to file suits or petitions in any Court of law or Tribunal to recover amounts due. |
| 3 | Settlement and Compromise | Allows the attorney to settle or adjust debts on terms they think fit without further approval from the principal. |
| 4 | Insolvency Proceedings | Grants power to initiate insolvency or liquidation proceedings against any person indebted to the principal. |
| 7 | Appointment of Advocates | Enables the attorney to appoint legal counsel, sign vakalatnamas, and settle professional fees on behalf of the principal. |
| 8 | Arbitration | Permits the referral of debt disputes to one or more arbitrators and the signing of arbitration reference agreements. |
| 9 | Delegation | Provides authority to appoint substitutes or delegates to recover specific debts as the attorney deems appropriate. |
Who it's for
- an individual business owner in India unable to personally pursue debt recovery due to age or illness
- a creditor requiring an agent to file court plaints and affidavits for outstanding loans
- a principal delegating the power to settle debts through arbitration or insolvency proceedings
How long it runs and how it's signed
Frequently asked questions
A template isn't binding on its own - like any contract, it becomes binding once it's properly completed and signed. Templates in our curated library are professionally drafted for US or UK law; review any template before you sign it.
Yes. Chat with GitLaw to edit any section, or make changes directly in the editor.
Yes, read about team plans here.
Describe what you need in the chat and GitLaw will draft it for you.
Templates in our curated library are professionally drafted for US or UK law. The wider library comes from the GitLaw community and public sources - a solid starting point, but check any template fits your situation before you rely on it.
Mostly US and UK law. Some templates use general commercial terms that work across jurisdictions, and many note which law they're written for.
It depends on the situation. Templates work well for routine business agreements. For anything involving significant money, complex IP, employment, or areas you're unsure about, it's worth getting professional advice before you sign. GitLaw provides templates and tools, not legal advice.
Open any template in GitLaw and describe the change you want in the chat — 'make clause 4 mutual' or 'add a 30-day notice period', for example. GitLaw drafts the revised language and shows it as a suggested edit. You accept, reject, or keep editing from there.
Yes. Upload a Word, PDF, or Markdown file and GitLaw will open it in the editor. You can review, edit, or chat with GitLaw about it the same way you would with any template from the library.
Trusted by 5,000+ businesses
From template to signed, in one place
Every template opens in an editor with an AI agent alongside it.
Open
Pick a template and open it. Nothing to download, and no credit card to start.
Free to open
Edit with AI
Describe your situation in chat and the agent adapts the wording, clause by clause.
Tracked changes you can review
Send and sign
Share it for negotiation, then collect signatures without leaving GitLaw.
eSign included
Built for your legal work,
with practicing lawyers
Trained on 5,500+ clauses and specialist areas of law. Built with a standards committee of independent lawyers.
As seen in
Ready to get started?
No sales calls, no credit card. Just chat with GitLaw.
GitLaw provides templates and tools, not legal advice. Templates are a starting point, not a substitute for advice on your situation - for anything significant, speak to a qualified lawyer.