Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.32488 of 2012 ====================================================== Umesh Kumar @ Umesh Kumar Singh, S/O Naresh Singh @ Ram Naresh Singh, Resident of Village- Sonvarsha, Potihatta, P.S- Ahraoura, District- Mirzapur (U.P). .... .... Petitioner/s Versus The State of Bihar .... .... Opposite Party/s ====================================================== Appearance : For the Petitioner/s : Mr. Binay Kumar Sinha, Advocate For the Opposite Party/s : Mr. Uday Pratap Singh, APP ====================================================== CORAM: HONOURABLE MR. JUSTICE JYOTI SARAN ORAL ORDER 2 05-09-2012 Heard learned counsel appearing on behalf of the petitioner and the learned Additional Public Prosecutor appearing for the State. The petitioner is in custody in connection with Patrakar Nagar P.S. Case No.117 of 2011 for the offences punishable under [STATUTE] . The allegation against the petitioner is of being a party to an illegal withdrawal of Rs.9,87,000/- from the account of the informant and of deposit of the said amount in the account of this petitioner. Considering the nature of allegations the prayer of the petitioner was earlier rejected by order dated 9.2.2012 passed in Cr. Misc. No.36177 of 2011. Patna High Court Cr.Misc. No.32488 of 2012 (2) dt.05-09-2012 2 Learned counsel for the petitioner submits that for the allegation aforesaid the petitioner having a clean antecedent has remained in custody since 6.6.2011. Regard being had to the submission of learned counsel, let the petitioner, namely, Umesh Kumar @ Umesh Kumar Singh be released on bail furnishing bail bonds of Rs.10,000/- (Ten thousand) with two sureties of the like amount each to the satisfaction of Sri Md. Salim, Judicial Magistrate, Patna in connection with Patrakar Nagar P.S. Case No.117 of 2011 subject to the condition that one of the bailors should be local resident of Patna who shall furnish authentic proof of his identity as well as his residence before the court concerned. SKPathak/- (Jyoti Saran, 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.