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

Summary

If a person, acting dishonestly or fraudulently, hides, moves, gives away, or transfers property to someone else without getting fair value in return, and does this to stop that property from being legally shared among creditors (people they owe money to), that person can be punished. The punishment may include imprisonment for up to two years, a fine, or both.

Official 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.

Related Judgments

• ... Petitioner/A-5 in Crl.OP.7183/2015 vs The Deputy Superintendent of Police, — Madras High Court (2015)
• CRL OP/5464/2011 — Madras High Court (2011)
• Petitioner/A8-Crl.OP.12760/14 vs The Inspector of Police, CBI — Madras High Court (2014)
• S.C.R. 320 UNION OF INDIA & ANR. v. M/s. GANPATI DEALCOM PVT. LTD. (Civil Appeal No. — Supreme Court of India (2022)
• MD. IBRAHIM & ORS v. STATE OF BIHAR & ANR. 1261 — Supreme Court of India (2009)
• S.C.R. 788 V.P. SHRIVASTAVA v. INDIAN EXPLOSIVES LTD. & ORS — Supreme Court of India (2010)
• G.V.RAO v. L.H.V. PRASAD AND ORS. MARCH 6, 2000 — Supreme Court of India (2000)
• .. Petitioners / A-1 to A-3 vs Mr. A.P.Varghese — Madras High Court (2011)

Old <-> New Code Mapping

• BNS §320 — Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors