Amendment status not verified — confirm the current text below against the official source.
Where the transferor of a debt warrants the solvency of the debtor, the warranty, in the absence of a contract to the contrary, applies only to his solvency at the time of the transfer, and is limited, where the transfer is made for consideration, to the amount or value of such consideration.
Amended up to 2019-02-25View on India Code →