Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.6956 of 2012 ====================================================== Faiyaz Ahmad .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 2 13-03-2012 Heard learned counsels for the petitioner and the State. The petitioner is apprehending arrest in a case registered under [STATUTE] . It is alleged against the petitioner that he collected money from 38 persons for investing in a non financial company, namely, Long Life Concept Marketing Pvt. Ltd. The said company was running in the house of the petitioner. It is submitted that the money was deposited in the company and the company people subsequently fled away. It is further submitted that other office bearers of the said company, namely, Ramesh Kumar Sharma has been granted anticipatory bail vide ABP No. 1042 of 2011. Considering the aforesaid facts, this court sees no reason for the learned court below not to consider the prayer of the petitioner for regular bail if the petitioner surrenders Patna High Court Cr.Misc. No.6956 of 2012 (2) dt.13-03-2012 2 / 2 2 within six weeks in connection with Bagaha (Pathkhauli) P.S. Case no. 137/2011 pending in the court of ACJM, Bagaha, West Champaran (Bettiah). This application is disposed of with the aforesaid observation/direction. Let this order be transmitted through FAX at the cost of the petitioner. Anil/- (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.