Legal Question in Criminal Law in India
where a person transfer his property so that his creditors shall not have any thing out of the property, what we call for that type of transfer?
Asked on 1/27/13, 6:41 am
2 Answers from Attorneys
Fca Prashant Chavan
Expert Edge LLP
27.01.2013
Dear Sir / Madam,
(Bannadi / Karkada / Parampalli / Saligrama / Udipi - Karnataka)
There is a saying : "Ignorance is bliss."
A person cannot transfer a better title in a property than what he possesses.
Please mail me the answer to [email protected]
Regards,
Answered on 1/27/13, 8:45 am
Shrichand Nahar
S.V.Nahar, Advocate
A transfer with an intention to defraud creditors is not a valid transfer.
Answered on 1/30/13, 12:53 am
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