Indian Penal Code, 1860
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.