In *Kuriachan Chacko v. State of Kerala*, (2004) 12 SCC 269, the Supre…

Question

In *Kuriachan Chacko v. State of Kerala*, (2004) 12 SCC 269, the Supreme Court held the accused guilty under which section of the IPC, and what is its maximum imprisonment?

Accepted Answer

B. {'text': 'Section 420 IPC, with maximum imprisonment of seven years', 'label': 'B'}

1. Lesson 9 reproduces *Kuriachan Chacko v. State of Kerala*: a money-circulation scheme was mathematically impossible and the promoters knew it.
2. The Court presumed cheating under section 420 IPC because false representations induced the public to part with money.
3. **Section 420 carries a maximum imprisonment of seven years** and is also liable to fine.
4. Section 415 defines cheating but contains no punishment; section 421 deals with fraudulent removal of property to defeat creditors.
_Source: ICSI CS Executive Paper 1 — Jurisprudence, Interpretation & General Laws, Lesson 9 (Indian Penal Code, 1860), pp. 205-224._

Answer

{'text': 'Section 415 IPC, with maximum imprisonment of seven years across the lesson illustrations', 'label': 'A'}

Answer

{'text': 'Section 421 IPC, with maximum imprisonment of three years specifically for fraudulent conveyances', 'label': 'C'}

Answer

{'text': 'Section 420 IPC, with maximum imprisonment of five years according to the lesson illustrations', 'label': 'D'}