law: Transfer of Property Act, 1882
  53. Fraudulent transfer
  (1) Every transfer of immovable property made with intent to
  
  defeat or delay the creditors of the transferor shall be voidable at the option
  
  of any creditor so defeated or delayed.
  Nothing in this sub-section shall impair the rights of a
  
  transferee in good faith and for consideration.
  Nothing in this sub-section shall affect any law for the time
  
  being in force relating to insolvency.
  A suit instituted by a creditor (which term includes a
  
  decree-holder whether he has or has not applied for execution of his decree) to
  
  avoid a transfer on the ground that it has been made with intent to defeat or
  
  delay the creditors of the transferor shall be instituted on behalf of, or for
  
  the benefit of, all the creditors.
  (2) Every transfer of immovable property made without
  
  consideration with intent to defraud a subsequent transferee shall be voidable
  
  at the option of such transferee.
  For the purposes of this sub-section, no transfer made without
  
  consideration shall be deemed to have been made with intent to defraud by
  
  reason only that a subsequent transfer for consideration was made.