Case Facts:
Patna High Court Cr.Misc. No.4261 of 2012 (3) dt.08-02-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.4261 of 2012 ====================================================== Shashi Kant .... .... Petitioner Versus The State Of Bihar .... .... Opposite Party CORAM: HONOURABLE MR. JUSTICE HEMANT KUMAR SRIVASTAVA ORAL ORDER 03/ 08.02.2012 Heard learned counsel for the petitioner as well as learned Addl. Public Prosecutor for the State. Petitioner is in jail custody since 9.9.2011 in a case registered under [STATUTE] . Admittedly, at the relevant time, the petitioner was working as teacher and it is stated that one Gupteshwar Ram prepared enhanced bill and transferred the amount of the aforesaid bill in the account of the petitioner which was later on, withdrawn by the aforesaid Gupteshwar Ram. Learned counsel for the petitioner points that the aforesaid Gupteshwar Ram has already been admitted to anticipatory bail by another bench of this court vide order dated 4.11.2011 passed in Cr. Misc. no. 26872/2011. Considering the aforesaid facts and circumstances as well as submissions of the parties, let the petitioner, Shashi Kant, be released on bail on furnishing bail bonds of Rs 10,000/- with two sureties of the like amount each to the satisfaction of the Judicial Magistrate, Ist Class, Bhojpur at Ara in Ara Nawada P.S. Case no. 248/2011. Shahid (Hemant Kumar Srivastava,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.