Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.27850 of 2012 ====================================================== Nageshwar Mahadeva .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 2 07-08-2012 Heard learned counsels for the petitioner and the State. The petitioner being the Branch Manager of Allahabad Bank is apprehending arrest in Buxar (T) P.S. Case No. 218 of 2009 registered for the offences punishable under [STATUTE] pending in the court of learned Chief Judicial Magistrate, Buxar. The case of the prosecution is that an amount of Rs. 32,5000/- were found fake by this petitioner when the FIR was lodged by this Petitioner and on further investigation it was found that one lady Farida Begum had withdrawn fifty thousand rupees when the cashier Indu Bhushan Pandey had given the money but when she raised protest suspecting the same to be fake the same was replaced by the cashier. Thereafter, when the LIC officials came to deposit the money, part of the fictitious notes were changed by the cashier which was detected by the petitioner when during investigation, accusation was also levelled against this Patna High Court Cr.Misc. No.27850 of 2012 (2) dt.07-08-2012 2/2 petitioner also when the FIR named accused and LIC officials were exonerated. It is further submitted that the thrust of accusation is against the Cashier, who has been granted regular bail by this Court vide Cr. Misc. No. 1148 of 2010. I see no reason for the learned court below not to give the same privilege to the petitioner if the petitioner surrenders within a period of six weeks. With the above observation, this application is, accordingly disposed off. Let the order be transmitted to the learned court below through fax at the cost of the petitioner. Amrendra/- (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.