SECTION 421 IPC - Indian Penal Code - Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors

Last Updated: 01 Apr, 2024
By Advocate Chikirsha Mohanty

Table of Contents

  1. IPC 421 in Simple Words
  2. IPC Section 421 related FAQs
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.

IPC 421 in Simple Words

If someone dishonestly transfers property to another person without adequate consideration, with the intention to prevent its distribution among creditors, they can be punished with imprisonment up to two years, or fined, or both.

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Offence : Fraudulent removal or concealment of property etc., to prevent distribution among creditors

Punishment : 2 Years or Fine or Both

Cognizance : Non-Cognizable

Bail : Bailable

Triable : Any Magistrate

Anyone who dishonestly, fraudulently, removes, hides, delivers, transfers, or causes to transfer to anyone, property without sufficient consideration with the intention of preventing, or knowing that it is likely to happen, that he prevents distribution according to law.

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Frequently Asked Questions

What is the IPC 422?

Anyone who dishonestly, or fraudulently, prevents any debt, or demand, due to him or any other person being made available to pay his or their debts according to the law, will be punished by either imprisonment for a period that can extend up to two years or a fine.

What is the punishment for IPC 423?

Penalty : 2 year prison term, fine or both.

What is the IPC for breach of trust?

According to Section 405, IPC, criminal breach of trust is defined as: Whoever has been entrusted in any way with property or any dominion of property dishonestly misappropriates, converts that property for his own use, or dishonestly disposes or uses that property in violation any law prescribing...