Indian Penal Code, 1860

Dishonestly or fraudulently preventing debt being available for creditors.—

Section

422

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

422. Dishonestly or fraudulently preventing debt being available for creditors.— 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.
According to the official bare act, this legal offense is defined as: 422. Dishonestly or fraudulently preventing debt being available for creditors.— 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.
The punishment for this specific offense is outlined under the law as: Imprisonment up to Two Year(s) + Fine
Under the Indian Penal Code, this specific offense is classified as a Bailable offense.
The legal status regarding police arrest without a warrant is that this offense isNon-cognizable.
Cases pertaining to this specific IPC section are triable by the Any Magistrate.
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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