P.R. Nallathambi Goundan vs Vijaya Raghavan And Ors. on 23 March, 1972
In Dasaratharama Reddi v. Narasa Reddi (1928) I.L.R. 51 Mad. 494, a release by the managing member, of a joint family, of a substantial portion of a mortgage debt due to the family merely out of charity or sympathy with the mortgagor was held to be not binding on the other members of the family as the transact ion was not prudent and constituted virtually a waiver and relinquishment of valuable property rights of the family. It is settled law that like the managing member of the joint family, a Hindu widow could enter into a bona fide compromise with a third party and that it would be binding upon the reversioner. Though the widow is not a trustee for the reversioners and she has succeeded to the estate as an heir, and is in enjoyment of the properties as an owner thereof, the same limitations are imposed upon her power to compromise. The Privy Council has pointed out that in judging the validity and the binding nature of a compromise entered into by the widow, the same tests as would apply to the case of an alienation would be applied.