Indian Penal Code, 1860
Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors.—
Section
421
Punishment
Imprisonment up to Two Year(s) + Fine
Cognizable
Non-cognizable
Bailable
Bailable
Compoundable
Non-Compoundable (Refer to CrPC 320 for exceptions)
Trial Court
Any Magistrate
Bare Act Text
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 transfer 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.
What is IPC Section 421 ?
According to the official bare act, this legal offense is defined as: 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 transfer 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.
What is the punishment for Dhara 421 ?
The punishment for this specific offense is outlined under the law as: Imprisonment up to Two Year(s) + Fine
Is IPC 421 bailable or non-bailable?
Under the Indian Penal Code, this specific offense is classified as a Bailable offense.
Is Dhara 421 a cognizable offense?
The legal status regarding police arrest without a warrant is that this offense isNon-cognizable.
Which court has the jurisdiction to try IPC 421 cases?
Cases pertaining to this specific IPC section are triable by the Any Magistrate.
Can IPC Section 421 be compromised (Compoundable)?
The compoundable nature of this offense, meaning whether the parties can settle it out of court, is classified as: Non-Compoundable (Refer to CrPC 320 for exceptions).
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