Consideration' Need Not Be Monetary: Supreme Court Upholds Settlement Deed Requiring Transferee To Care For Transferors & Do Charity

The Supreme Court of India upheld a settlement deed requiring the transferee to care for the transferors and perform charitable activities, ruling that consideration need not be monetary. The case involved a dispute over a settlement deed in which the transferee agreed to provide care and perform charity in exchange for property transfer. The court found that non-monetary consideration, such as care and charity, is valid and enforceable. This decision highlights the recognition of non-monetary considerations in legal agreements and the importance of fulfilling obligations under such agreements.