This section covers dishonest removal of property to prevent distribution among creditors in the Bharatiya Nyaya Sanhita (BNS 2003).
Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors.
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 shall not be less than six months but which may extend to two years, or with fine, or with both.
What was the old IPC code for Section 320 of BNS 2023?
In the Indian Penal Code, dishonest removal of property to prevent distribution among creditors was covered in S. 421*.