Case Facts:
Patna High Court Cr.Misc. No.17226 of 2012 (2) dt.25-04-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.17226 of 2012 ====================================================== Shyamanand Paswan, Son of Late Harilal Paswan, Resident of Village- Hawai Field, P.S.-Forbesganj, District-Araria. .... .... Petitioner. Versus The State Of Bihar .... .... Opposite Party. ====================================================== Appearance : For the Petitioner : Mr. Sunil Kumar, Advocate. For the Opposite Party: Mr. APP. ====================================================== CORAM: HONOURABLE MR. JUSTICE SHYAM KISHORE SHARMA ORAL ORDER 2 25-04-2012 Heard learned Counsel for the petitioner and the State. The petitioner seeks bail in a case which has been registered under [STATUTE] . The informant is Education Superintendent-cum- District Programme Coordinator and he has alleged that amount of Rs. 6 lakhs for construction of School was withdrawn but the Headmaster Shyamanand Paswan namely the petitioner and Secretary Sri Sukhdeo Basaiyantry did not start construction work and the amount has been embezzled. Submission is that the petitioner has not embezzled any amount and the petitioner is Headmaster of the School. He came for anticipatory bail and wherein his submission was noted that some construction was done but it was stopped by the then Patna High Court Cr.Misc. No.17226 of 2012 (2) dt.25-04-2012 Mukhiya. Considering the facts and circumstances of the case, the above named petitioner is directed to be released on bail 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/court concerned, Araria in connection with Forbesganj P.S. Case No. 264 of 2009. KKSINHA/- (Shyam Kishore Sharma, 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.