Case Facts:
Patna High Court Cr.Misc. No.35371 of 2012 (2) dt.16-10-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.35371 of 2012 ====================================================== Gupteshwar Singh S/O Late Nand Kumar Singh, R/O Chirand, P.S. Chapra Mofussil, Distt. - Saran .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE AKHILESH CHANDRA ORAL ORDER 2 16-10-2012 Heard learned counsel for the petitioner and learned Additional Public Prosecutor for the State. The petitioner, who is languishing in custody, seeks bail in a case registered under [STATUTE] . Petitioner is one of the named accused in this Complaint Case No. 2725 of 2011 with allegation of being motivator and middle man in transaction of particular piece of land, realised substantial amount i.e. Rs. 15,06,000/- ( Rupees fifteen lacs and six thousand) from the complainant-informant but got very small but wrong piece of land transferred through the fake owner for a petty amount and the land too does not belong to the transferor. Submission is of false implication in retaliation of filing of Complaint Case No. 1928 of 2011 besides informatory Patna High Court Cr.Misc. No.35371 of 2012 (2) dt.16-10-2012 petition filed by son of the petitioner. However after some argument petitioner is ready to deposit in Court, the entire amount so allegedly realized subject to result of the case. However, it is pointed out that Rs. 7,00,000/- (Rupees Seven lacs) invested in a particular scheme which in spite of it becoming matured for payment with interest but is withheld, on the frivolous objection of complainant/informant, which if diluted and paid the same may be used for deposit of Rs. 15,06,000/- as offered, otherwise he may also pledge his above investment/ maturity value and deposit the deficit. In view of the above, subject to such deposit/ pledge as offered in Court, let the petitioner be released on bail on furnishing bail bonds of Rs. 10,000/- (Rupees Ten Thousand) with two sureties of the like amount each to the satisfaction of learned Chief Judicial Magistrate, Saran at Chapra in connection with Chapra Mofussil P.S. Case No. 276 of 2011, subject to condition to remain physically present before the court below on each and every date till disposal of the case. In the event of failure on two consecutive dates, without any reasonable explanation, the privilege granted shall be deemed to be cancelled. Md. Ibrarul/- (Akhilesh Chandra, J.) Patna High Court Cr.Misc. No.35371 of 2012 (2) dt.16-10-2012

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.