Equivalent Legacy Law: IPC Section 422
BNS Section 321 defines the rules, regulations, and penalties regarding: "dishonestly or fraudulently preventing debt being available for creditors". This section is part of the updated criminal code of India (BNS, 2023) which modernized the legal framework.
Real-World Scenario
"If an individual is found violating the provisions regarding dishonestly or fraudulently preventing debt being available for creditors as defined under this Section, they will be charged under BNS Section 321 instead of the old IPC sections."