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Indian Competition Law Review Volume VIII Issue I | Centre for Competition Law and Policy, National Law University Jodhpur

What are the constituents of a valid 'Hiba'? Can a valid gift be made in favour of a Non-Muslim?

X, a Hanafi Mohammedan in affluent circumstances out of compassion for a religious teacher Y, gifted half of his estate to the letter who gave a prayer carpet as a token of gratitude. The mutation was also affected in the name of Y. But before the delivery of possession X changed his mind and wanted to revoke the gift. Decide.

Discuss the grounds for which the Court may wind up a company. Who can be the petitioner for winding up, and what is the effect of winding up order?

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