Case Facts:
Patna High Court Cr.Misc. No.11950 of 2012 (3) dt.30-04-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.11950 of 2012 ====================================================== 1. Suman Kumar S/O Rajendra Ram Resident Of Village- Husena Bujurg, P.S- Goraul, District- Vaishali .... Petitioner Versus 1. The State Of Bihar .... Opposite Party ====================================================== Appearance : For the Petitioner/s : Mr. For the Opposite Party/s : Mr. ====================================================== CORAM: HONOURABLE MR. JUSTICE GOPAL PRASAD ORAL ORDER 3 30-04-2012 Heard learned counsel for the petitioner, the informant and the State. This is a petition for grant of regular bail for offence under [STATUTE] . The allegation is that the petitioner claimed himself to be the agent of Sahara India and collected Rs.09,27,723/- for depositing in the scheme of Sahara India and when, after maturity of the scheme, the informant gone to encash the scheme, he learnt that the amount has not been deposited and whatever amount has been taken from him has been forged and fabricated. Paragraph 20 of the case diary mentions that during investigation it has come that the alleged account is forged and fabricated and it has also come that the petitioner has cheated other persons also. The petitioner is in jail since 28.11.2011. Hence, having regard to the facts and circumstances of the case, I am not inclined to grant bail to the petitioner. The prayer for bail is rejected. If the trial is not concluded within six months, then the petitioner may renew his prayer for bail. SA/- (Gopal Prasad, J)

Applicable IPC Section: 420

Statute Text:
Section 420 of the Indian Penal Code. Cheating and there by dishonestly inducing delivery of property, or the making, alteration or destruction of a valuable security. Whoever cheats and thereby dishonestly induces the person deceived to deliver any property to any person, or to make, alter or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment of either description for a term which may extend to seven years, and shall also be liable to fine.