Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.1147 of 2012 Saheb Prasad @ Saheb @ Amit Kumar Versus The State Of Bihar ---------------------------------- 2/ 24.1.2012 Heard learned counsels for the petitioner and the State. The petitioner is languishing in custody since 24.2.2011 in a case registered under [STATUTE] . The accusation is of committing theft of motorcycle. Name of the petitioner sprang up in the confessional statement of a co accused. There is no recovery from the petitioner. Considering the aforesaid facts, let the above named petitioner be released on bail on furnishing the bail bond of Rs.10000/(ten thousand) with two sureties of the like amount each to the satisfaction of C.J.M. Saran at Chapra in Marhaurah P.S. Case no. 88 of 2010 . Considering the serious nature of accusation, the learned court below will be at liberty to cancel the bail bonds if the petitioner involves in the similar nature of offence or defaults on three consecutive dates. Anil/ (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.