IPC 421 — Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors

Indian Penal Code, 1860

Statutory text

Whoever  dishonestly  or fraudulently removes, conceals or delivers to any person, or transfers or  causes   to  be   transferred  to  any  person,  without  adequate consideration, any  property, intending thereby to prevent, or knowing it to  be likely that he will thereby prevent the distribution of that property according  to law among his creditors or the creditors of any

other  person,   shall  be   punished  with   imprisonment  of  either description for a term which may extend to two years, or with fine, or with both.

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