Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.22920 of 2012 ====================================================== Sri Bhagwan Gupta .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 3 04-09-2012 Heard learned counsels for the petitioner and the State. The petitioner is apprehending arrest in a case registered for the offences punishable under [STATUTE] . The accusation is of selling the hypothecated property as the petitioner took loan of Rs. 9 lacs and odd. It is submitted by learned counsel for the petitioner that the loan was taken for five year and undertakes to return the loan amount alongwith interest within stipulated period. Considering the aforesaid facts, let the above named petitioner be released on provisional anticipatory bail, in the event of arrest or surrender before the learned Court below within a period of 12 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 the learned Chief Judicial Magistrate, Buxar in connection with Rajpur P.S. Case No. 03 of 2012, subject to Patna High Court Cr.Misc. No.22920 of 2012 (3) dt.04-09-2012 2/2 the conditions as laid down under Section 438(2) Cr.P.C. The provisional bail of the petitioner will be confirmed by learned court below on deposit of the loan amount with interest within stipulated period. Amrendra/- (Dinesh Kumar Singh, J)

Applicable IPC Section: 403

Statute Text:
Section 403 of the Indian Penal Code. Dishonest misappropriation of movable property, or converting it to one's own use. Whoever dishonestly misappropriates or converts to his own use any movable property, shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.