MUMBAI, July 9 -- Parents who gift their children property on the condition that the latter will take care of them in their old age can reclaim this property if the bargain isn't kept, the Bombay high court held, clarifying that this applies even if the parents are financially independent. The court was hearing a petition filed by a 42-year-old man, challenging an order that directed him to hand over possession of a Lower Parel flat to his 68-year-old father. The father had bought the flat in 2005. After 18 years, he gifted it to his son by executing a Gift Deed in 2023, on the condition that his son would provide him and his 60-year-old wife with basic amenities.P4...