Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.19397 of 2012 ====================================================== Md. Shahid Ghani .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 02/ 03-07-2012 Heard learned counsels for the petitioner and the State. The petitioner is apprehending his arrest in a case registered for the offences punishable under [STATUTE] . It is alleged that the petitioner being the agent of one banking institution, namely, Deb Band Company, received Rs.2,80,500/- on promise to give interest @ 10% per month when some part of interest were paid to the informant but subsequently the payment was stopped and when money was demanded, the petitioner is said to have threatened the informant. It is submitted that the petitioner is, in no way, connected with the alleged financial institute nor Patna High Court Cr.Misc. No.19397 of 2012 (2) dt.03-07-2012 2/2 any proof with regard to the payment of money to the petitioner has been brought on record and one of the sons of the brother of the petitioner entered into an agreement with the informant for transfer of the land but after receiving the amount, the land was transferred to some other persons and in order to put pressure upon the petitioner and others, the present case has been lodged against them. Considering the fact that the money was given on 07.04.2010 whereas FIR was lodged on 04.01.2012, 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 bail bond of Rs.10,000/- (Ten thousand) with two sureties of the like amount each to the satisfaction of learned Chief Judicial Magistrate, Banka in connection with Dhoraiya P.S. Case No. 03 of 2012, subject to the conditions as laid down under Section 438(2) of the Cr.P.C. DKS/ (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.