Case Facts:
Patna High Court Cr.Misc. No.12052 of 2012 (2) dt.21-03-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.12052 of 2012 ====================================================== 1. Saket Kumar S/O Raj Kumar Sah @ Lucho Sah Resident Of Village- Harrakh, P.S.- Town, Distt.- Begusarai .... .... Petitioner. Versus 1. The State Of Bihar .... .... Opposite Party. ====================================================== Appearance : For the Petitioner : Dr. Amrendra Kumar, No. I, Advocate. For the Opposite Party : Md. Arif, APP. ====================================================== CORAM: HONOURABLE MR. JUSTICE SHYAM KISHORE SHARMA ORAL ORDER 2 21-03-2012 Heard learned Counsel for the petitioner and the State. Altogether five persons including the petitioner and others are named as accused of the case which has been registered under [STATUTE] . Md. Insan reported that on 20th of June 2011, he deposited Rs. 20,000/- in “Rashtriya Swarnim Rojgar Mission”, Begusarai at the behest of the banker Kameshwar Paswan, CMD of the Bank Abdur Rahma and agent Saket Kumar. After completion of 60 days, the informant requested the CMD and agent for grant of loan but they deferred the matter and subsequently the informant found the office bearers including Patna High Court Cr.Misc. No.12052 of 2012 (2) dt.21-03-2012 CMD missing. It has been alleged that all the accused persons have committed fraud. Submission is that co-accused Anil Kumar and Pawan Kumar have been admitted to bail by this Court. It has also been submitted that the petitioner is a man of fair antecedent. Prayer for bail has been opposed by learned Counsel appearing on behalf of the State. Considering the facts and circumstances of the case, the above named petitioner is directed to be released on bail on furnishing bail bond of Rs. 10,000/- (ten thousand) with two sureties of the like amount each to the satisfaction of the learned Chief Judicial Magistrate/court concerned, Begusarai in connection with Begusarai Town P.S. Case No. 456 of 2011. KKSINHA/- (Shyam Kishore Sharma, J.)

Applicable IPC Section: 467

Statute Text:
Section 467 of the Indian Penal Code. Forgery of a valuable security, will or authority to make or transfer any valuable security, or to receive any money, etc. Whoever forges a document which purports to be a valuable security or a will, or an authority to adopt a son, or which purports to give authority to any person to make or transfer any valuable security, or to receive the principal, interest or dividends thereon, or to receive or deliver any money, movable property, or valuable security, or any document purporting to be an acquittance or receipt acknowledging the payment of money, or an acquittance or receipt for the delivery of any movable property or valuable security, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.