Section 422 of The Indian Penal Code, 1860 View Chapter 17

Dishonestly or fraudulently preventing debt being available for creditors.

Of Fraudulent Deeds and Dispositions of Property

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Whoever dishonestly or fraudulently prevents any debt or demand due to himself or to any other person from being made available according to law for payment of his debts or the debts of such 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.