Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.17495 of 2012 ====================================================== Mukesh Ranjan Verma .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== with Criminal Miscellaneous No.18179 of 2012 ====================================================== Mantu Bhagat .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 10 29-11-2012 Heard learned counsels for the petitioner and the State. The petitioners are apprehending arrest in a case registered for the offences punishable under [STATUTE] . It is alleged that the informant applied for loan of Rs. 4,75,000/- for running mini rice mill when Rs. 2,75,000/- was sanctioned and that amount was paid to petitioner Mantu Bhagat when the rest money was not given to the petitioner. It is submitted by learned counsel for the petitioner that the loan was sanctioned in favour of the petitioner but since the machinery was to be supplied by Mantu Bhagat, hence the payment was made through bank draft to Mantu Bhagat and part Patna High Court Cr.Misc. No.17495 of 2012 (10) dt.29-11-2012 2/2 of the loan amount was being repaid by the informant, whereas it is submitted on behalf of Mantu Bhagat that the payment was made to him through bank draft and in lieu of that the machinery was supplied to him. It is submitted by learned counsel for the informant that the machinery was never supplied to him nor he has been made payment of the rest amount. Considering the nature of accusation arising out of contractual relationship between the parties, let the above named petitioners be released on anticipatory bail, in the event of arrest or surrender before the learned Court below within a period of 12 weeks from today, on furnishing bail bond of Rs. 10,000/- (ten thousand) each with two sureties of the like amount each to the satisfaction of the learned Chief Judicial Magistrate, Araria in connection with Palasi P.S. Case No. 05 of 2012, subject to the conditions as laid down under Section 438(2) Cr.P.C. Amrendra/- (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.