Case Facts:
Patna High Court Cr.Misc. No.2759 of 2012 (3) dt.12-04-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.2759 of 2012 ====================================================== Chandrakant Thakur .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== with Criminal Miscellaneous No.2831 of 2012 ====================================================== Rajesh Kumar Sinha .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 3 12-04-2012 Heard learned counsels for the petitioners and the State. The petitioners being Assistant Manager and Manager of Bihar Kshetriya Grameen Bank are apprehending arrest in a case registered for the offences under [STATUTE] . It is alleged that the previous manager Anand Kishore Sinha sanctioned the loan to eight loanees but during enquiry, it was found that photographs of account holders were not on the loan applications and the land possession certificates were found to be forged and loan amount were disbursed by these petitioenrs. It is submitted by learned senior counsel for the petitioners that actually the loan was sanctioned by Anand Kishore Patna High Court Cr.Misc. No.2759 of 2012 (3) dt.12-04-2012 Sinha and whatever forgery has been alleged, it was against the sanctioning authority and the petitioners, on the loan being sanctioned, disbursed the amount and departmental proceeding is also going on against the petitioners. It is submitted on behalf of petitioner Rajesh Kumar Sinha that in the departmental enquiry, nothing has been found against him. Considering the nature of accusation, let the above named petitioners, on deposit of Rs.25000/- by each of the petitioner as cash security which will be invested by the learned court below in fixed deposit scheme in connection with the present case, which will be subject to the result of the case, be released on anticipatory bail in the event of 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) each with two sureties of the like amount each to the satisfaction of the learned Chief Judicial Magistrate, Begusarai in connection with Garhpura P.S. Case No. 4 of 2011 subject to the conditions as laid down under Section 438(2) Cr.P.C. Anil/- (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.