Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.1207 of 2012 ====================================================== Indeshwar Das .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== 2 16-01-2012 Heard learned counsels for the petitioner and the State. The petitioner being the Panchayat Secretary is apprehending his arrest in a case registered under [STATUTE] . The accusation is of defalcating Rs. 67,000/- of the Government scheme. It is submitted by learned counsel for the petitioner that though the petitioner has the vouches for the expenditure of the alleged amount but he is ready to deposit Rs. 67,000/-. Let the petitioner deposit Rs. 67,000/- before the learned court below within a period of two months which will be invested in some fix deposit scheme in connection with the present case which will be subject to the result of the present case. Considering the stand of the petitioner, let the above named petitioner be released on anticipatory bail 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, Saharsha in connection with Bakhtiyarpur P.S. Case No. 145/2011 subject to the conditions as laid down under Section 438(2) of the Cr.P.C. The bail bond of the petitioner will be provisionally accepted till the deposit of the aforesaid amount. 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.