The INDIAN TRUSTS ACT, 1882

OF CERTAIN OBLIGATIONS IN THE NATURE OF TRUSTS

Section 93: Advantage secretly gained by one of several compounding creditors.

Where creditors compound the debts due to them, and one of such creditors, by a secret arrangement with the debtor, gains an undue advantage over his co-creditors, he must hold for the benefit of such creditors the advantage so gained.