You can file consent terms in pending court cases for resolution of disputes
2) then court would pass decree on basis of consent terms
3) you can enter into gift deed have it duly stamped and registered
Dear Sir/ Madam, We all 4 family members have put ancestral cases on each others from 2017. Now we are coming to a mutual understanding to settle the matter. Is it possible to make a "GIFT SETTLEMENT DEED" and register it in the sub-register office. And then go to court and close all cases and injunction orders and submit "COMPROMISE DEED" with an annexure of the above Gift Settlement Deed. Please guide me ? Thanking you.
You can file consent terms in pending court cases for resolution of disputes
2) then court would pass decree on basis of consent terms
3) you can enter into gift deed have it duly stamped and registered
See make a family Settlement deed to distribute the property register same by paying stamp duty and registration at the sub-registrar office.
For withdrawing suit you can compromise deed can be presented before the court.
Family arrangements as ling as they are not illegal, are enforceable and are recognized by the courts. Therefore al these arrangements should be clearly stated and registered.
Regards
Yes, If all parties are agree than execute MOU of intention first that all affected parties are Willing to settle the matter out of court and hence recording manner of settlement under the MOU and agreed to all.
1. There CANNOT be a Gift Settlement Deed in such matters. You can execute a duly Stamp Duty paid Registered "Family Settlement Deed", with strategic clauses, clearly detailing the segregation /division of properties to whom and in what manner. This would be legally sufficient for all futuristic Sale /Gift /Transfer /Mortgage /Donate /whatever .... at the hands of the receiver and for Income Tax purposes.
2. Annexed with the above, a joint affidavit can be moved in Court, for withdrawal of all the cases.
instead of all this you prepare a terms of settlement as per your choice and filed it to the court for passing decree as per terms of settlement. after getting the decree, register it to the sub-registry office. it will be cost efficient also.
In the event the parties have arrived at a compromise and one of them is willing to withdraw the case, then such party has to file an advance hearing of the case along with a joint memo of compromise for the purpose of such terms of compromise forming part of the compromise decree to be ultimately passed by the court Or if the plaintiff/the person who has filed the suit either wants to withdraw the suit or abandon part of his claim, he can file a memo of withdrawal under order 23 rule 1 CPC.
Hi
Your option is perfect.
You can go ahead as detailed in your post.
Make sure that, Gift Settlement Deed should not contain monetary benefit. It has to be given out of love and affection...…….
Good Luck
Dear Sir,
It is not possible to execute gift settlement deed but you can enter into compromise before the Court or settlement deed before the Sub-Registrar.
- Since, your case is pending before the Court , hence, there is no requirement to prepare a Gift Settlement Deed or any other such type of documents .
- Otherside, any documents like Gift Deed /Family settlement deed should be registered as per law.
- Without registeraton of such documents having no value in the eye of law and it is challengable.
- As you all are ready for a mutual understanding , then you should Firstly prepare a Compromise/Settlement Agreement amongst the parties and further move an application before the said court with this Agreement , for passing Decree .
The gift settlement deed among yourselves is the collective decision taken by all the parties to the dispute, hence after that you all may file a petition seeking compromise decree on this basis.
Once ther is a compromise decree by court then it cannot be challenged by anyone at a later date.