Delivery Of Possession Not Essential To Validate Gift/Settlement; Gift Document Can't Be Unilaterally Cancelled By Donor : Supreme Court

The Supreme Court clarified that delivery of possession is not essential to validate a gift/settlement. It also ruled that a gift document cannot be unilaterally cancelled by the donor. The court emphasized the irrevocability of validly executed gift deeds. It highlighted the legal principles governing gift transactions. The ruling protects the rights of donees. The court reinforces the finality of gifts.