Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.1651 of 2012 Binod Prasad Versus The State Of Bihar ---------------------------------- 2/ 18.1.2012 Heard learned counsels for the petitioner, learned counsel for the informant and the State. The petitioner is apprehending arrest in a case registered under [STATUTE] . It is alleged that rupees one lac was given to Vikash Kumar for providing distributionship of some company. It is submitted on behalf of the petitioner that the draft reflects that it was in favour of a company and not in favour of any private person. Learned counsel for the informant submits that the petitioner received the draft in the name of the company. Considering the aforesaid facts and submissions of the parties, let the above named petitioner be released on bail in the event of arrest or surrender before the learned court below within a period of twelve weeks from today, on furnishing the bail bond of Rs.10000/(ten thousand) with two sureties of the like amount each to the satisfaction of C.J.M. Hilsa (Nalanda) in Ekangarsarai P.S. Case no. 98 of 2011 subject to the conditions as laid down under section 438(2) of the 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.