Bharatiya Nyaya Sanhita 2023
Section 321 :
Dishonestly or fraudulently preventing debt being available for creditors :
(See section 422 of IPC 1860)
Section : 321
Classification of Offence:
Offence : Dishonestly or Fraudulently preventing from being made available for his creditors a debt or demand due to the offender.
Punishment : Imprisonment for 2 years, or fine, or both.
Cognizable or Non-cognizable : Non-cognizable
Bailable or Non-bailable : Bailable
Compoundable or Non-compoundable : The creditors who are affected thereby.
By Which Court Triable : Any Magistrate.
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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 debt 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.
Indian Penal Code 1860 (IPC 1860)
Section 422 :
Dishonestly or fraudulently preventing debt being available for creditors:
(See section 321 of BNS 2023)
Classification of Offence:
Offence: Fraudulently preventing from being made available for his creditors a debt or demand due to the offender.
Punishment :Imprisonment for 2 years, or fine, or both.
Cognizable or Non-cognizable : Non-cognizable
Bailable or Non-bailable :Bailable
Compoundable or Non-compoundable : The creditors who are affected thereby.
By Which Court Triable :Any Magistrate
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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.