Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.244 of 2012 ====================================================== Bal Kishun Gupta .... .... Petitioner/s Versus The State Of Bihar & Anr .... .... Opposite Party/s ====================================================== 2 06-01-2012 Heard learned counsels for the petitioner and the State. The petitioner is apprehending his arrest in a Complaint case in which cognizance has been taken under [STATUTE] . It is alleged that Rs. 12,00,000/- was given as consideration money to the petitioner for executing the sale deed with regard to 69 decimals land but neither the sale deed was executed nor the advanced money was returned. It is submitted by learned counsel for the petitioner that only Rs. 2,00,000/- was advanced to the petitioner which was returned which is evident from the endorsement of the complainant on the agreement which has been brought on record by way of supplementary affidavit. Considering the fact that the accusation is of contractual nature, let the above named petitioner be released on anticipatory bail in the event of his arrest or surrender before the learned court below within a period of twelve weeks from today, on furnishing the bail bond of Rs. 10,000/- (ten thousand) with two sureties of the like amount each to the satisfaction of learned Judicial Magistrate, 1st Class, Patna in connection with Complaint Case No. 1321C of 2010 subject to the conditions as laid down under Section 438(2) of the Cr.P.C. Amrendra Kumar/- (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.