Case Facts:
Patna High Court Cr.Misc. No.21610 of 2012 (2) dt.21-06-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.21610 of 2012 ====================================================== 1. Jagdish Thakur S/O Late Sakhi Chandra Thakur R/O Village - Pachalakhi, P.S. Nautan, District – Siwan .... Petitioner Versus 1. The State Of Bihar .... Opposite Party ====================================================== CORAM: HONOURABLE MR. JUSTICE GOPAL PRASAD ORAL ORDER 2 21-06-2012 Heard the learned counsel for the petitioner and the State. This is a petition for grant of regular bail for offence under [STATUTE] . It is alleged that the A.T.M. card was exchanged and Rs.40,000/- was transferred from the account of the informant by this petitioner. However, the petitioner is in jail since 23.04.2010. Hence, having regard to the facts and circumstances of the case, the petitioner, above named, is directed to be released on bail on furnishing bail bond of Rs.10,000 (rupees ten thousand) with two sureties of the like amount each in connection with Chapra Town P.S. Case No. 140 of 2011 to the satisfaction of the Chief Judicial Magistrate, Chapra, subject to the condition that the petitioner will deposit Rs.40,000/-, the amount which was transferred from the account of the informant to the account of this petitioner, which is apparent from the fardbeyan, which shall be subject to the result of the case. SA/- (Gopal Prasad, 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.