Don’t be panic at this stage. Present stage the bank not filed a case against the borrower or granter’s .More over it is not a criminal matter. It is purely civil. The borrower or granter’s can get time for repayment.
More over if the loan is under default, the bank may initiate process for recovery under the provisions of SARFAESI act and may file Application under Recovery of Debts Due to Banks and financial Institutions Act, 1993 before the DRT. You can get enough time to pay the debts.
A power of attorney authorizes another person, referred to as your attorney-in-fact, to act for you, the principal, when you are unable, unwilling or incapable of acting on your own. The power can apply to a particular transaction or under a widespread host of circumstances. The type of power of attorney you execute will govern the types of transactions covered by it and often the time period during which it may be used.
A general power of attorney gives broad authorizations to the agent. The agent may be able to make medical decisions, legal choices, or financial or business decisions. A special power of attorney narrows what choices the agent can make. You can even make several different POAs, with different agents for each.