The Presidency-Towns Insolvency Act, 1909

Section 102. Undischarged insolvent obtaining credit

In force · As amended up to 2026-08

PART VIII PENALTIES 102. Undischarged insolvent obtaining credit.-- An undischarged insolvent obtaining credit to the extent of fifty rupees or upwards from any person without informing such person that he is an undischarged insolvent shall, on conviction by a Magistrate, be punishable with imprisonment for a term which may extend to six months, or with fine, or with both.

Source: India Code