S. 126 TPA | Gift Deed Can't Be Revoked Ordinarily, More Particularly When No Right Of Revocation Is Reserved In Deed : Supreme Court

The Supreme Court held that a gift deed cannot be revoked if no right of revocation is reserved in the deed, as per Section 126 of the Transfer of Property Act. The case involved a gift deed executed in 1983, transferring property for manufacturing purposes without reserving any right of revocation. The donor attempted to revoke the deed in 1987, but the court ruled that the deed was irrevocable since the conditions for revocation were not met. The court outlined three conditions under which a gift deed can be revoked: mutual agreement for revocation, void agreements, and fraud or coercion. None of these conditions applied in this case, making the revocation invalid.