Cancellation of settlement deed
P. Vijaya Akilan
(Querist) 13 June 2013
This query is : Resolved
a father settles his self acquired property to his son by way of settlement deed and the son subsequently changes all the connected papers from corporation and revenue records in his name and now the father all of a sudden cancels the settlement deed before the Registrar office and files a case for permanent injunction before the court.
whether a person can cancel the settlement deed
Prakash Yedhula
(Expert) 13 June 2013
Please note that a settlor is entitled to impose conditions when he gives a Settlement, and he is entitled to reserve the right of revocation to himself in the event that those conditions are not performed.In the absence of imposition of any such conditions, a Settlement cannot be revoked.
ajay sethi
(Expert) 13 June 2013
once gift deed is made by father in favour off son and it is duly accepted by the son property vests absolutely in favour of son . father cannot now cancel the gift deed arbitrarily .
