ASOKAN vs LAKSHMIKUTTY .

The Supreme Court addressed the issue of whether an averment in a deed of gift regarding the handing over of possession constitutes sufficient proof of acceptance by the donee under Sections 122 and 123 of the Transfer of Property Act. The Court held that the mere change of feelings by the donors does not invalidate the gift if the essential elements of a valid gift are satisfied. The judgment of the High Court was set aside, affirming the Trial Court's decree that the appellant is the absolute owner of the properties in question.