Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.906 of 2012 Amardeep Kumar @ Akhilesh Kumar Versus The State Of Bihar ---------------------------------- 2/ 24.1.2012 Heard learned counsels for the petitioner, the State and Smt. Bela Singh, learned counsel for the complainant. The petitioner is languishing in custody since 20.10.2011 in a complaint case in which cognizance has been taken under [STATUTE] . It is alleged that the petitioner took a friendly loan of Rs.3,92,500/- but did not return. It is submitted by learned counsel for the petitioner that according to own averments of the complainant, prima facie, offence under [STATUTE] is not made out. 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 J.M. Ist Class, Vaishali in Complaint Case No. 1666 of 2010. 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.