your query is not clear . from facts stated by you it appears that you have purchased property in 2008 . property has been transferred in your name and you had obtained bank loan for purchase of property . it appears gift deed has been executed in respect of property in 2002 . rest of query is not clear .

if my guess work is correct it appears donee has only life interest in property but no right to sell the same . if my reading is correct then sale of property to you would not stand legal scrutiny .