The IPC 1860 was replaced by the BNS 2023 (in force 2024-07-01); no verified section mapping on file for Section 421 — confirm the corresponding provision (savings: Section 358, BNS 2023).
Whoever dishonestly or fraudulently removes, conceals or delivers to any person, or transfer or causes to be transferred to any person, without adequate consideration, any property, intending thereby to prevent, or knowing it to be likely that he will thereby prevent, the distribution of that property according to law among his creditors or the creditors of any 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. CLASSIFICATION OF OFFENCE Punishment--Imprisonment for 2 years, or fine, or both--Non-cognizable--Bailable--Triable by any Magistrate--Compoundable by the creditor who are affected thereby with the permission of the Court.