Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.33999 of 2012 ====================================================== Sandeep Singh .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 3 02-11-2012 Heard learned counsels for the petitioner and the State. The petitioner is apprehending arrest in a complaint case in which cognizance has been taken under [STATUTE] . It is alleged that the petitioner took Rs. 3,95,000/- from the petitioner on promise to return the same within a period of three months and subsequently he invested the money in the share market when subsequently the petitioner issued two cheques, one of Rs. 2,00,000/- and other of Rs. 1,90,000/- but those got bounced. The petitioner undertakes to return Rs. 3,90,000/- within a period of one year either by account payee cheque or by submitting draft before the learned court below which will be released by learned court below in favour of the complainant. Considering the aforesaid facts, let the above named petitioner be released on provisional anticipatory bail for six months, in the event of arrest or surrender before the learned Court Patna High Court Cr.Misc. No.33999 of 2012 (3) dt.02-11-2012 2/2 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 Judicial Magistrate, 1st Class, Gaya in connection with Complaint Case No. 1046 of 2006, subject to the conditions as laid down under Section 438(2) Cr.P.C. The provisional bail of the petitioner will be confirmed by learned court below on deposit of the aforesaid amount within a period of one year. The bail bonds of the petitioner will be accepted on deposit of Rs. 25,000/- before the learned court below which will be released in favour of the complainant. Amrendra/- (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.