Supreme Court on Family Settlements and Gift Deeds
In B. Anasuyamma v. B. Madhusudhan Reddy, the Supreme Court reaffirmed that a binding family settlement and a compromise decree recorded by the High Court cannot be ignored.
The Court held that a person who had relinquished rights over disputed properties under a binding compromise could not validly execute a gift deed concerning those properties.
Key Legal Principle: A person cannot transfer property by gift deed when they have no subsisting right, title or interest in it.
Legal Learning | Shri Ganpati Jurists
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