Transfer contingent happening of specified uncertain event: Recent trends in India
Leepakshi Rajpal, Mayank Vats
This paper primarily focuses on the concept of The Transfer of Property Act, under the main head of the Property Law. It deals with the concept of the Section 23 of the Transfer of Property Act i.e. the Transfer Contingent on Happening of Specified Uncertain Event. It commences with the introduction to the Transfer of Property Act and how the transfer of property act is applicable in the real times. It also speaks about the Scope and Objective of the Act and then how that deals with the topic of the project. As we move further towards the project, we also discuss about Section 21 of the Transfer of Property Act, and that is the Contingent Interest and then we read it along with the provisions of the Indian Succession Act. As we look further, we also talk about the relation of section 21 i.e. the Contingent Interest with Section 23 i.e. the transfer contingent on happening of specified uncertain event i.e. the topic of our paper and then we see how they are interrelated and that when it is together used with particularly section 124 of the Indian Succession Act, what impact does it have on the society, using different case laws and illustrations. Last but not the least our paper ends with certain set of recommendations and conclusions that help the readers to derive at a more clear understanding of the same.