Section 321 of BNS : Section 321: Dishonestly or fraudulently preventing debt being available for creditors.
BNS
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Explanation using Example
Example 1:
Ravi owns a small business and has taken a loan from a local bank. He is struggling to repay the loan and has several creditors demanding payment. To avoid paying his debts, Ravi transfers his valuable assets, including his car and some expensive machinery, to his brother under a fake sale agreement. By doing this, Ravi dishonestly prevents these assets from being available to his creditors for repayment. Under Section 321 of...
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