Section 53(1) in The Transfer Of Property Act, 1882
(1)Every transfer of immoveable 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.
