The Indian Trust Act, 1882 · IX — OF CERTAIN OBLIGATIONS IN THE NATURE OF TRUSTS

Section 93. Advantage secretly gained by one of several compounding creditors

In force · As amended up to 2026-08

93. Advantage secretly gained by one of several compounding creditors.— 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. 94. [ Constructive trusts in cases not expressly provided for ] .—Rep. by the Benami Transactions (Prohibition) Act, 1988 (45 of 1988), s. 7 ( w.e.f. 19-5-1988).

Source: India Code