Penal Code, 1860–Sec. 415–Scope for constitution of offence–If someone intentionally transfers his properties in order to evade the payment of debts, the interest of creditors would be adversely affected and the act would come in the purview of offence–Petitioners transferred their properties to their close relatives in order to escape from the payments–Held, no case is made out for quashing the FIR.
