Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.43773 of 2011 ================================================ 1. Ganesh Jain @ Ganesh C. Jain, son of Chheganlal P. Jain, resident of Plot No. 899, Ground Floor, Jussawala Wadi, Juhu – Tara Road, Villeparle (W) Mumbai – 49 (Maharashtra), Director M/s Venus Records & Tapes Pvt. Ltd. Mumbai. 2. Ramesh Jain @ Ramesh C. Jain, son of Chheganlal P. Jain, resident of B-506 Jal Darshan Building, Ruia Park, Juhu Mumbai – 49 (Maharashtra), Director M/s Venus Records & Tapes Pvt. Ltd. Mumbai. 3. Umed Jain @ Umed D. Jain, son of Devichand P. Jain, resident of 31, Valencia Apartment, Juhu Tara Road, Santacruse (W), Mumbai – 49 (Maharashtra), Director M/s Venus Records & Tapes Pvt. Ltd. Mumbai. 4. Bhawar Jain @ Bhawar D. Jain, son of Devichand P. Jain, resident of C-311, Jal Darshan Building, Ruia Park, Juhu, Mumbai – 49 (Maharashtra), Director M/s Venus Records & Tapes Pvt. Ltd. Mumbai. 5. Champak Jain @ Champak C. Jain, son of Chheganlal P. Jain, resident of 33, Velencia Apartment, Juhu – Tara Road, Santacruse (W) Mumbai – 49 (Maharashtra), Director M/s Venus Records & Tapes Pvt. Ltd. Mumbai. 6. Girish Jain @ Girish D. Jain, son of Devichand P. Jain, resident of 14, Valencia Apartment, Juhu – Tara Road, Santacruze (W), Mumbai – 49 (Maharashtra), Director M/s Venus Records & Tapes Pvt. Ltd. Mumbai. 7. Ratan Jain, son of Devichand P. Jain, resident of Plot No. 899, ground floor, Jussawala Wadi, Juhu Tara Road, Vileparle (W), Mumbai – 49 (Maharashtra), Director M/s Venus Records & Tapes Pvt. Ltd. Mumbai. .... .... Petitioner/s Versus The State of Bihar .... .... Opposite Party/s ================================================== CORAM: HONOURABLE MR. JUSTICE AKHILESH CHANDRA ORAL ORDER 3 02-03-2012 Heard learned counsel for the petitioners and learned Additional Public Prosecutor for the State. The seven petitioners, apprehending their arrest in connection with a case registered for the offence punishable under [STATUTE] , are named accused in this Patna High Court Cr.Misc. No.43773 of 2011 (3) dt.02-03-2012 2 / 2 2 complaint case arising out of some commercial agreements between the parties relation to release and distribution etc for Motion Pictures and some amounting of payment of money. Submission is of false implication and this case arising out of commercial agreement and they are also ready to pay the amount so claimed of Rs. 1,27,000/- . In view of the above, in the event of payment of the amount claimed of Rs. 1, 27,000/- through D.D. in favour of complainant within six weeks before the court below, in the event of their arrest/surrender before the court below within six weeks, let the above named petitioners be enlarged on bail on furnishing bail bond of Rs. 10,000/- (ten thousand only) each with two sureties of the like amount each to the satisfaction of Sri Gopal Krishna, Judicial Magistrate, 1st Class, Patna, in connection with Complaint Case No. 1204(C) of 2011, subject to condition laid down under Section 438 (2) of the Code of Criminal Procedure with additional condition to remain physically present before the court below on each and every date till disposal of the case, in case of failure on four consecutive dates without giving any reasonable explanation, the liberty granted shall be deemed to be cancelled. Rajeev/- (Akhilesh Chandra, J.)

Applicable IPC Section: 403

Statute Text:
Section 403 of the Indian Penal Code. Dishonest misappropriation of movable property, or converting it to one's own use. Whoever dishonestly misappropriates or converts to his own use any movable property, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.