Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.7413 of 2012 ====================================================== Dilip Kumar Priyadarshi .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 2 14-03-2012 Heard learned counsels for the petitioner and the State. The petitioner is apprehending arrest in a case registered for the offences punishable under [STATUTE] and section 138 of N.I. Act. It is alleged that the informant gave his vehicle to the petitioner on contract and when rupees two lacs fifty thousand accrued as lease amount, the petitioner issued five cheques each worth rupees fifty thousand which subsequently got bounced. It is submitted that the cheques were issued by way of security which have been misused for filing the present case. However, the petitioner is ready to deposit rupees one lac before the learned court below in connection with the present case which will be invested in some fixed deposit scheme in connection with present case which will be subject to the result of the case. It is made clear that the aforesaid amount will be deposited within one year. Patna High Court Cr.Misc. No.7413 of 2012 (2) dt.14-03-2012 2 / 2 2 Considering the nature of accusation, let the above named petitioner be released on anticipatory bail, in the event of arrest or surrender before the learned Court below within a period of 12 weeks from today on furnishing bail bond of Rs. 10,000/- (ten thousand) with two sureties of the like amount each to the satisfaction of the learned Chief Judicial Magistrate, Sitamarhi in connection with Sitamarhi P.S. Case No. 470 /2010 subject to the conditions as laid down under Section 438(2) Cr.P.C. The bail bond of the petitioner will be accepted provisionally till deposit of the aforesaid amount. Anil/- (Dinesh Kumar Singh, 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.