Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.41307 of 2012 ====================================================== Binod Kumar S/O Akshaya Singh @ Rajdeo Prasad R/O Village-Parsona, P.S.-Makhdumpur, Distt.-Jehanabad. .... .... Petitioner. Versus The State Of Bihar .... .... Opposite Party. ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 2 06-12-2012 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 collecting executive of Mahindra & Mahindra Financial Services Ltd., Gaya, collected money installments from the hirers on behalf of the said Company but did not deposit in the Company’s account and misappropriated the same. It is submitted that the alleged misappropriated amount has been alleged to the tune of Rs. 41,600/- when the father of the petitioner has deposited Rs. 23,900/- to the Company and the petitioner undertakes to deposit the balance amount Patna High Court Cr.Misc. No.41307 of 2012 (2) dt.06-12-2012 2 / 2 2 through the bank draft before the learned court below which will be released in favour of the informant Company. On deposit of the balance amount, let the petitioner, above named, be released on bail in the event of arrest or surrender before the learned court below within a period of twelve weeks from today in connection with Civil Lines P.S. Case No. 51 of 2012 on furnishing bail bond of Rs.10,000/- (Ten Thousand) with two sureties of the like amount each to the satisfaction of the learned C.J.M. Gaya, subject to the conditions as laid down under Section 438(2) of the Code of Criminal Procedure. U.K./- (Dinesh Kumar Singh, J)

Applicable IPC Section: 406

Statute Text:
Section 406 of the Indian Penal Code. Criminal breach of trust. Whoever commits criminal breach of trust shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.