Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.37806 of 2012 ====================================================== Manoj Kumar Jha @ Raj Kumar Jha .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 2 04-10-2012 Heard learned counsels for the petitioner and the State. The petitioner is apprehending arrest in a complaint case in which cognizance has been taken under [STATUTE] . It is alleged that the petitioner took loan of Rs. 4,00,000/- from SBI for purchase of Bajaj autorickshaw when the complainant was one of the guarantors subsequently the repayment of the loan was not made when the notices were issued to the complainant and subsequently the loan amount of Rs. 57,228/- was adjusted from the account of the complainant. The petitioner undertakes to deposit Rs. 30,000/- before the learned court below which will be invested in some fix deposit scheme in connection with present case which will be subject to the result of the present case. On deposit of the aforesaid amount, let the above named petitioner be released on anticipatory bail, in the event of Patna High Court Cr.Misc. No.37806 of 2012 (2) dt.04-10-2012 2/2 arrest or surrender before the learned Court below within a period of 12 weeks from today, on furnishing bail bond of Rs. 10,000/- (ten thousand) with two sureties of the like amount each to the satisfaction of the learned Chief Judicial Magistrate, Saharsa in connection with Complaint Case No. 1777C of 2009, subject to the conditions as laid down under Section 438(2) Cr.P.C. 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.