N. KHOSLA vs RAJLAKSHMI(DEAD) .

The Supreme Court upheld the findings of the Arbitrator regarding the revocation of the gift of property under the Arbitration Act, 1940, specifically noting that the gift was revoked with the consent of the beneficiaries due to their failure to construct houses as per the conditions. The Court found that the mutation obtained by the respondents was fraudulent and thus invalid. The Court affirmed the Arbitrator's award, which recognized the resumption of the plots by Dewan Niranjan Prasad and ruled in favor of his sons, K.J. Khosla and N. Khosla, regarding the property dispute.