II Of Transfers of Property by Acts of PartiesVerified
1[53. .-- (1) Every of immoveable property made with intent to defeat or delay the creditors of the or shall be voidable at the option of any creditor so defeated or delayed.
Nothing in this sub-section shall impair the rights of a ee 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 on th e ground that it has been made with intent to defeat or delay the creditors of the or, shall be instituted on behalf of, or for the benefit of, all the creditors.
(2) Every of immoveable property made without consideration with intent to defraud a subsequent ee shall be voidable at the option of such ee.
For the purposes of this sub-section, no made without consideration shall be deemed to have been made with intent to defraud by reason only that a subsequent for consideration was made.]
