India Financial Assn., Seventh Day ... vs M.A. Unneerikutty & Anr

The Supreme Court held that the Power of Attorney executed by the Indian Financial Association of Seventh Day Adventists was valid, allowing the attorney to negotiate and enter into a sale agreement for the property. The Court emphasized that the agreement dated 21.5.1985, which included the payment of Rs. 3 lakhs as advance, constituted a binding contract under the Indian Contract Act, 1872. The judgment of the Kerala High Court was upheld, affirming the enforceability of the sale agreement despite the trial court's dismissal.