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.
CHAPTER XVII OF OFFENCES AGAINST PROPERTY · Of fraudulent deeds and dispositions of property
Section 321: Dishonestly or fraudulently preventing debt being available for creditors
The Bharatiya Nyaya Sanhita, 2023
Corresponding IPC provision
As given in the correspondence table of the National Crime Records Bureau (Ministry of Home Affairs). Read both texts before relying on it. NCRB table