Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.17592 of 2012 ====================================================== Chandan Kishore .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 2 11-05-2012 Petitioner is apprehending his arrest in a complaint case in which cognizance has been taken under [STATUTE] . and Section 138 of the N.I. Act. It is alleged that petitioner took loan of Rs. 1,50,000/- in two installment from the complainant for which he issued two cheques which got bounced. Petitioner undertakes to deposit Rs. 1,50,000/- within a period of four months before learned Court below which will be invested in some fixed deposit schemes in connection with the present case, which will be subject to the result of the case. Considering the aforesaid facts, let the petitioner namely Chandan Kishore, in the event of his arrest or surrender before the Court below within a period of 12 weeks from today, be released on anticipatory bail on furnishing bail Patna High Court Cr.Misc. No.17592 of 2012 (2) dt.11-05-2012 2 / 2 2 bond of Rs. 10,000/-(ten thousand) with two sureties of the like amount each to the satisfaction of learned Judicial Magistrate, Ist Class, Muzaffarpur in connection with Complaint Case No. 3328 of 2010. The bail bond of the petitioner will be accepted provisionally till deposit of the aforesaid amount. Shageer/- (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.