PPC Section 421 | Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors:

PPC Section 421

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 may extend to two years, or with fine or with both.

 

Offence Cognizance Summons/-Warrant Bailable/-NotBailable Punishment Triable By
Fraudulent removal or concealment of property, etc., to prevent distribution among creditors. Shall not arrest without warrant. Warrant .. Bailable.. Imprisonment of either description for 2 years, or fine, or both. Magistrate of the first or second class
Offence: Bailable.. --- Fraudulent removal or concealment of property, etc., to prevent distribution among creditors.
Punishment--- Imprisonment of either description for 2 years, or fine, or both.
Accused POLICE Police Officer

Explanation of PPC Section 421

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