Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.447 of 2012 ====================================================== Dev Narain Tanti .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 3 14-02-2012 Heard learned counsels for the petitioner and the State. The petitioner is languishing in custody since 09.12.2011 in a case registered under [STATUTE] . The accusation is that the petitioner being the employee of the railway was running co-operative in which the informant deposited Rs. 3,75,000/-. The petitioner undertakes to deposit Rs. 1,50,000/- within a period of three month of the release before the learned court below which will be invested in some fix deposit schemes in connection with the present case which will be subject to the result of the case. Considering the fact that the petitioner is a retired Patna High Court Cr.Misc. No.447 of 2012 (3) dt.14-02-2012 2 / 2 2 employee, let the above named petitioner be released on bail, 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, Munger in connection with East Colony P.S. Case No. 34 of 2010. The bail bond of the petitioner will be accepted provisionally by the learned court below till deposit of the aforesaid amount. It is expected that the trial will be concluded within a period of one year. 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.