Transfer of Property Act, 1882, Section 126 -- Gift - Cannot be revoked at the mere will of donor - Gift is like a contract, which can be rescinded like a contract, save for want or failure of consideration...........
Transfer of Property Act, 1882, Section 126 -- Gift deed - Revocation - Once the conditions of gift have been complied with, donor is divested of ownership rights in gifted land and as such donor cannot claim back ownership and possession of gifted land...........
Transfer of Property Act, 1882, Section 126 -- Gift deed - Revocation - Donor gifted the land to enable donee to construct a cinema hall on gifted land after obtaining permission under bye-laws regulating construction of cinema halls - Since donee has duly complied with conditions of gift by constructing a cinema hall on gifted land and operating it for about 47 years, it..........
Transfer of Property Act, 1882, Section 126 -- Gift deed - Revocation - Non-utilization of suit property and keeping the same as vacant may be a disobedience of the object of gift but that by itself would not attract the power to revoke the gift deed, particularly when there is no stipulation in the gift deed that if the suit property is not so utilized, gift would stand..........
Transfer of Property Act, 1882, Section 126 -- Gift deed - Revocation - Gift can be revoked in the following three contingencies i.e: (i) the donor and donee may agree for the suspension or revocation of gift deed on the happening of any specified event which does not depend on the will of donor; (ii) a gift which is revocable wholly or in part with the agreement of..........
Transfer of Property Act, 1882, Section 126 -- Gift - Revocation - Once it is held that gift deed was validly executed resulting in the absolute transfer of title in favour of plaintiff, same is not liable to be revoked, and as such the revocation deed is meaningless especially for the purposes of calculating the period of limitation for instituting the suit...........
Insolvency and Bankruptcy Code, 2016, Section 3(11), 3(30), 3(31), 5(7), 5(8), 21, 60, Transfer of Property Act, 1882, Section 58, Indian Contract Act, 1872, Section 126 -- Debt - Financial creditor - Secured Interest - Whether lenders of Holding Company of Corporate Debtor could be categorised as financial creditors of Corporate Debtor or not - Held, if corporate debtor..........
Maintenance and Welfare of Parents and Senior Citizens Act, 2007, Section 23, Transfer of Property Act, 1882, Section 126 -- Scope - Distinction between the two provisions - Provision of S.23 of Act of 2007 is in addition to and in any event different to an extent from the provision of S.126 TPA and not in derogation thereof - S.23 provides for additional safeguards to the..........
Transfer of Property Act, 1882, Section 126 -- Gift - Revocation - Donor gifted the suit properties to donee with absolute rights, but retained his right to enjoy the same till his death - After death of donor, donee would get absolute rights in respect of suit properties - Donor had no right to unilaterally execute any revocation deed for revoking the gift - Once donor..........
Maintenance and Welfare of Parents and Senior Citizens Act, 2007, Section 23, Transfer of Property Act, 1882, Section 126 -- Gift deed - Revocation - Mother sought revocation of gift which she allegedly made in favour of her daughter on the ground that her daughter is not wiling to maintain her - Gift deed contains neither any condition regarding same nor there is any..........
