Section 53 of TPA : Section 53: Fraudulent Transfer

Explanation using Example

Imagine a situation where Mr. A has a large debt that he owes to several creditors, including Mr. B. Fearing that his property might be seized by his creditors to pay off the debts, Mr. A decides to transfer his house to his relative, Mr. C, with the understanding that Mr. C will allow him to continue living there. This transfer is made without any actual payment or consideration from Mr. C, and the so...

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