Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.44822 of 2011 ====================================================== Mukhiya Bandeylal Risideo @ Bandelal Rishidev .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== 2 03-01-2012 Heard learned counsels for the petitioners and the State. The petitioner is apprehending his arrest in a case registered under [STATUTE] . It is alleged against the petitioner that being the Mukhiya he took loan of Rs. 1,00,000/- from Dehti PACS and misappropriated the same. The name of the petitioner appeared in the 164 Cr.P.C. statement of the Pramukh. It is submitted by learned counsel for the petitioner that the petitioner never took loan of Rs. 1,00,000/- from Dehti PACS. Considering the aforesaid facts, let the above named petitioner be released on provisional anticipatory bail for six months in the event of his arrest or surrender before the learned court below within a period of twelve weeks from today, on furnishing the bail bond of Rs. 10,000/- (ten thousand) with two sureties of the like amount each to the satisfaction of learned Chief Judicial Magistrate, Araria in connection with Palasi P.S. Case No. 19/2011 subject to the conditions as laid down under Section 438(2) of the Cr.P.C. Let the C.J.M., Araria get the matter verified that whether the petitioner took loan from Dehti PACS or not as alleged against him and if it is verified that the petitioner never took loan of the alleged amount then the provisional bail of the petitioner will be confirmed by the learned court below and if it is found that the petitioner has taken loan of Rs. 1,00,000/- then he will deposit the said amount within a period of one month from the date of verification intimation and only on the aforesaid two conditions the bail of the petitioner will be confirmed by learned court below. Amrendra Kumar/- (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.