Section 421State of Jammu-Kashmir Act
Section 421: Dishonest of fraudulent removal or concealment of property to prevent distribution among creditors
Dishonest of 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 may extend to two years, or with fine, or with both.Previous
Sec 420A — [ Cheating public authorities in performance of certain contracts. [Section 420-A inserted by Act of 1983, section 23.]
Next
Sec 422 — Dishonestly or fraudulently preventing debt being available for creditors
Disclaimer: This section is reproduced for general informational and reference purposes only. Always verify against the latest official gazette and consult a qualified advocate before relying on any provision.