321. 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.
Bharatiya Nyaya Sanhita, 2023
Section 321: Dishonestly or fraudulently preventing debt being available for creditors
Chapter XVII — Of Offences Against Property
Source: official text of the Bharatiya Nyaya Sanhita, 2023 (Ministry of Home Affairs).