ESSENTIALS OF FRAUDULENT TRANSFER

Section 53 of Transfer of Property Act. Every owner of property has right to transfer his property as he likes.

But the transfer must be made with a bonafide intention. Where the transfer is made with fraudulent intention, it means with the intention of defeating the interest of creditor or interest of any subsequent transferee. Where the transfer is made with fraudulent intention, the object of the transfer would be bad in the eyes of equity and justice; though it is valid in law.Keep Reading

Transfer of Property Act

TRANSFER OF PROPERTY ACT, 1882 An Act to amend the law relating to the Transfer of Property by act of parties. Preamble– Whereas it is expedient to define and amend certain parts of the law relating to the transfer of property by act of parties; it is hereby enacted asKeep Reading