THAKUR RAGHUNATH JI MAHARAJ vs RAMESH CHANDRA

The Supreme Court addressed the validity of a gift deed executed under Section 123 of the Transfer of Property Act, 1882, and the enforceability of an agreement for construction of a college on the gifted land. The Court held that the plaintiff's suit was not barred by limitation and that the agreement for construction was valid, thus upholding the first appellate court's decree. The High Court's decision to grant the defendants one year to construct the college was affirmed, with the stipulation that failure to do so would allow the plaintiff to reclaim the land.