Case Facts:
Patna High Court Cr.Misc. No.9050 of 2012 (5) dt.14-05-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.9050 of 2012 ====================================================== Md. Ashraf Ali .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s CORAM: HONOURABLE MR. JUSTICE HEMANT KUMAR SRIVASTAVA ORAL ORDER 05/ 14.05.2012 Heard learned counsel for the petitioner as well as learned Addl. Public Prosecutor for the State. Petitioner is in jail custody since 10.11.2011 in a case registered under [STATUTE] . Petitioner was working as head assistant- cum- accountant at the relevant time and allegedly, he illegally withdrew Rs 5 lakhs 56 thousands and odd and also committed several irregularities and did not hand over the charge of his office. The contention on behalf of the petitioner is that cheques in question were signed by the Chief Executive Officer and cheques in question were never signed by this petitioner and so far as handing over charge of the office is concerned, petitioner has already handover charge of his office. Taking into consideration the aforesaid facts and circumstances as well as this aspect of the matter that investigation of this case has already been completed in respect of the petitioner, let the petitioner, Md Ashraf Ali, be released on bail on furnishing bail bonds of Rs 10,000/- with two sureties of the like amount each to the satisfaction of the Chief Judicial Magistrate, Nalanda in Bihar P.S. Patna High Court Cr.Misc. No.9050 of 2012 (5) dt.14-05-2012 Case no. 96/2011. Shahid (Hemant Kumar Srivastava,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.