Case Facts:
Patna High Court Cr.Misc. No.37223 of 2012 (2) dt.08-10-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.37223 of 2012 ====================================================== Ravi Shankar Shukla S/O Shyamjee Shukla R/O Vill. - Mangalpur, P.S. Pathkauli ( Laukariya ), Distt. - West Champaran. .... .... Petitioner Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE RAJENDRA KUMAR MISHRA ORAL ORDER 2 08-10-2012 Heard learned counsel for the petitioner and the learned Additional Public Prosecutor for the State The petitioner is accused in Bagaha (Pathkhauli) P.S. Case No. 390 of 2011 registered under [STATUTE] . The allegation of complainant/informant, Yasin Khan, is that he alongwith witnesses deposited Rs. 5, 75,000/- in a scheme launched by Long Life Concept Marketing of which the petitioner is said to be the director to double the amount within nine months but the same has not been returned to the complainant/informant and others. It has been submitted on behalf of petitioner that the petitioner, who is said to be the director of the company has been falsely implicated in this case, in fact, the said amount was received by Manjoor Alam, who is one of the officials of the Patna High Court Cr.Misc. No.37223 of 2012 (2) dt.08-10-2012 company. It is further submitted that petitioner is in custody since 04.04.2012. Having regard to the facts and circumstances of the case, the petitioner, is directed to be released on bail on his furnishing bail bond of Rs. 10,000/- (Rupees Ten Thousand) with two sureties of the like amount each to the satisfaction of the learned Additional Chief Judicial Magistrate, Bagaha in connection with Bagaha (Pathkhauli) P.S. Case No. 390 of 2011. Safik/- (Rajendra Kumar Mishra, 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.