Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.4836 of 2012 ====================================================== 1. Sanjeev Kumar @ Sanju Srivastava S/O Sri Krishna Kumar Srivastava Resident Of Village- Kochaikote, P.S.- Kuchaikote, District- Gopalganj (Bihar) .... .... Petitioner/s Versus 1. The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 02/ 15.02.2012 Heard learned counsels for the petitioners and the State. The petitioner is apprehending his arrest in a complaint case in which cognizance has been taken for the offence punishable under [STATUTE] . It is alleged against the petitioner that the petitioner sold the bus with the financial liability to the complainant, which the complainant came to know when the bus was seized by the financial company. It is submitted by learned counsel for the petitioner that the bus was sold in Rs. One lakh only with the stipulation that the complainant will repay the loan amount. Patna High Court Cr.Misc. No.4836 of 2012 (2) dt.15-02-2012 2/2 Considering the accusation arising out of the contractual relationship between the parties, let the above named petitioner be released on anticipatory bail in the event of his arrest or surrender before the learned court below within a period of twelve 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 Sri Indrajeet Singh, learned Judicial Magistrate, Ist Class, Gopalganj in connection with Complaint Case No. C-3199 of 2010, Tr. No. 3852 of 2011, subject to the conditions as laid down under Section 438(2) of the Cr.P.C. DKS/ (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.