Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.1575 of 2012 Shivraj Sharma (Mahal Karamchari, Mokama Anchal), son of late Yadunandan Sharma, resident of Mohalla- Taregna Masaurhi, Gola Road, Back of Bari Mill, P.S.-Masaurhi, District- Patna. Versus The State Of Bihar ---------- 2. 11.1.2012. Heard learned counsel for the petitioner and learned counsel for the State. The petitioner apprehends his arrest in connection with a case registered for the offence punishable under [STATUTE] . It is submitted that from perusal of first information report itself it would transpire that specific allegation is against co- accused Pankaj Ram and Nitish Ram, who are said to have taken photographs of the informant and his wife for preparation of identity card in order to facilitate them in taking loan from the government. Subsequently, the informant was taken to Punjab National Bank where his thumb impression was taken but the amount of loan was not paid to him. When the informant consulted the Branch Manager and husband of Prakhand Pramukh, Pankaj Kumar Singh, then he came to know that Rs.99,200/- was transferred to his loan account and the same already withdrawn. Subsequently, one Ranjeet Singh of Marachi is said to have given Rs.60,000/- each to the informant and three others with an assurance to pay the remaining amount and pass book later on but the same were not given to the informant and three others. It is contended that so far as the petitioner is concerned, 2 he is Halka Karamchari and he has no role to play in the alleged grant of loan. His name has been given by the informant merely on suspicion making vague allegation. Taking into consideration the facts and circumstances of the case let the petitioner, named above, in the event of arrest or surrender before the court below within a period of four weeks from the date of receipt/communication of the order be released on bail on furnishing bail bonds of Rs.5,000/- (five thousand) with two sureties of the like amount each to the satisfaction of learned A.C.J.M., Barh, Patna in connection with Mokama P.S. Case No.162 of 2011 subject to the conditions as laid down under section 438(2) of the Code of Criminal Procedure. Md.S. ( Ashwani 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.