Whether a gift be suspended or revoked?

It depends on the contents and conditions of the gift deed.  Both the donor and donee, must agree for such conditions.  The relevant section is 126 of transfer of property act.  The gift may be cancelled or rescinded on the following grounds:

1. On occurrence of any event, specified in the gift deed, the event should be clearly described.

2. Both the parties should have accepted the conditions, the done should have agreed for such condition while accepting the gift.

3. The proposed event, which suspends or revokes the gift, should be beyond the control, will of the donor.

4. The condition so imposed must not be repugnant to the gift.