Case Facts:
Patna High Court Cr.Misc. No.32584 of 2012 (2) dt.05-09-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.32584 of 2012 ====================================================== 1. Shiv Chandra Singh S/O Kamal Singh Resident Of Village- Akbar Malahi, P.S.- Sarai, District- Vaishali. .... .... Petitioner/s Versus 1. The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE ASHWANI KUMAR SINGH ORAL ORDER 2 05-09-2012 Heard learned counsel for the petitioner and learned counsel for the State. The petitioner is in custody since 29.7.2011 in connection with a case instituted under [STATUTE] . His prayer for bail was rejected earlier by this court by order dated 6.1.2012 passed in Cr.Misc. No.597 of 2012 giving him liberty to renew his prayer for bail after seven months if the trial is not concluded within that period. It is stated that till date only one witness has been examined on behalf of the prosecution and another co-accused, namely, Umesh Pandit having identical allegation has already been granted bail by order dated 17.3.2008 passed in Cr.Misc. No.6283 of 2008 by another Bench of this court. Be that as it may, considering the facts and circumstances of the case, the petitioner, named above, is directed Patna High Court Cr.Misc. No.32584 of 2012 (2) dt.05-09-2012 to be released on bail on furnishing bail bonds of Rs.10,000/- (ten thousand) with two sureties of the like amount each to the satisfaction of J.M., 1st Class, Patna in connection with Kotwali P.S. Case No.7 of 2007. 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.