Property purchased Wife name: Nature of transaction is to be determined on the basis of intention of parties

C.C. Joy Vs C.D. Mini (Kerala High Court) The intention of the parties is a key factor in determining the nature of the transaction. Hence, when the husband purchased the property in favour of his wife, unless the contrary is proved, it will be treated as the property of the wife purchased for her benefit. Facts- Being cheated, the wife filed the divorce case. Notably, the couple had lived together for more than 16 years doing various businesses and acquiring a lot of properties in their name jointly and severally. Both the parties filed for a declaration that they were the beneficial owner an...