Where creditors compound the debts due to them, and one of such creditors, by a secret arrangement with the debtor, gains an undue advantage over his co-creditors, he must hold for the benefit of such creditors the advantage so gained.
Indian Trusts Act, 1882 Section 93 - Bare Act |
| State | Central Government |
| Year | 1882 |
| Section Title | Advantage Secretly Gained by One of Several Compounding Creditors |
Act Info: