In Brief
The Supreme Court upheld a High Court judgment that a 1985 deed titled "Dhananischayaadharam" was a valid gift by settlement, not a will or incomplete gift. The father gifted immovable property to his daughter in consideration of love and affection, retaining a life interest for himself and his wife. The father later executed a cancellation deed and sale deed in favor of his son. The Court held that the deed's opening language clearly vested immediate interest in the daughter; the reservation of life interest did not negate this vesting but merely postponed possession. The Court found valid acceptance of the gift evidenced by registration and the donee's conduct. Since the gift was complete and irrevocable under Section 126 of the Transfer of Property Act, the unilateral cancellation was void, making the subsequent sale deed also invalid. The appeal was dismissed, confirming the High Court's decree.
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