173. Bankruptcy off ences: Credit and Borrowing

either alone or jointly with any other person, the bankrupt debtor obtains credit to the extent of fifty thousand rupees or such higher value as may be prescribed, without the creditor being informed prior that a Bankruptcy Order is in effect in respect of the bankrupt debtor; or

the bankrupt debtor engages, directly or indirectly, in any business under a name other than that specified in the Bankruptcy Order without disclosing prior to all persons with whom such debtor enters into any business transaction in the name specified in the Bankruptcy Order.

the bankrupt debtor obtains property on credit and has not paid for the property; and

the bankrupt debtor obtains the property on credit-

by a false representation or other fraud;

by a false statement of financial position or other false statement of the bankrupt debtor’s affairs; or

under the false pretence of carrying on business and dealing with it in the normal course of business.

where goods are hired to the bankrupt debtor under a hire-purchase agreement, or agreed to be sold to the bankrupt debtor under a conditional sale agreement; and

where the bankrupt debtor has been paid in advance (whether in money or otherwise) for the supply of goods or services.