N. Khosla vs Rajlakshmi (Dead) & Ors

The Supreme Court upheld the findings of the Arbitrator regarding the revocation of the gift of property made by Dewan Niranjan Prasad to his daughters, affirming that the gift was revoked with their consent and that the subsequent mutation in favor of the respondents was fraudulent and thus non-est. The Court emphasized the validity of the Arbitration Agreement under Section 14 of the Arbitration Act, 1940, and confirmed the award as a Rule of the Court. The judgment reinforces the principle that consent and proper procedure are essential in property transfers and disputes.