GPA/POA validity

Irrevocable GPA executed for consideration - section 202 of Indian Contract Act A, B, C, D ,E......20 members in total executed irrevocable GPA infavour of Z for valid sale consideration. Z also holds agreement of sale in his favour pertaining to immovable property. after 10 years 10 of the executants expired.... what are the Implications ? **sec 202 of Indian contract act says irrevocable GPA cannot be cancelled as it is executed for consideration. can Z sell the property using the irrevocable GPA-- ? is the GPA binding on LR's of dead executants -- ? will limitation kill the Irrevocable GPA -- ? without any doubt agreement of sale will be hit by limitation.... Asked 2 years ago in Property Law from Hyderabad, Telangana Religion: Hindu The following discussion/observations relate to the above mentioned question raised 2 years ago in KAANOON and the comments of the experts that followed it. My Queries 1. If the POA/GPA has been executed with consideration, then on the basic principles of the elements of a contract namely offer, acceptance and consideration, the POA essentially becomes a contract and legally enforceable. That’s why the POA is also mentioned in sec 202 of the Contract Act. Is this view correct? 2. Some interest/right in an immovable property has been conveyed to any party through this GPA/POA, then that party must seek enforcement of that legal right (may be through execution of a sale deed, partition, sub-division, declaration of title or even filing a suit against the grantor of the GPA who may have sold that property to someone else or might created some other interest in the said property or the legal heirs of the grantor may create some problems for the grantee of the GPA) under the Specific Relief Act to make his title in the said property secure. The time limit for these kinds of actions is 12 years as per the Limitation Act. Of course the limitation period starts running from the date when an adversarial effect comes into picture. 3. Suppose that party does nothing to enforce his right on the said property through the GPA/POA for 12 years, then his right is unenforceable. 4. Under sec 27 of the Limitation Act, that right also gets extinguished. 5. So, generally the validity of a GPA/POA is only 12 years in case of any transfer of any right in any immovable property coupled with consideration. Is my conclusion right? 6. Therefore, in the case of above mentioned GPA/POA, the validity period should at the best be reckoned as 12 years only?