Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.7901 of 2012 ====================================================== Rajesh Kumar Sinha .... .... Petitioner. Versus The State Of Bihar .... .... Opposite Party. ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 2 16-03-2012 Heard learned counsels for the petitioner and the State. The petitioner is apprehending his arrest in a case registered for the offences punishable under [STATUTE] . It is alleged that the petitioner and others being the Net workers and business promoters of Website channel, namely, Global Limited, induced the informant to invest when the informant invested Rs.38,200/- out of which Rs. 13,400/- was taken by the other accused Ashutosh Kumar but on 29.10.2011 the Internet website was closed without giving information to the informant or without returning the invested money. It is submitted by learned counsel for the petitioner that the accusation of the informant of investing money at the behest of the petitioner and co accused Ashutosh Kumar is absolutely wrong rather Patna High Court Cr.Misc. No.7901 of 2012 (2) dt.16-03-2012 2 / 2 2 the statement of account, annexed as Annexure 2 series, reflect that the investment was made by the informant through another promoter, namely, Rinki Devi. Considering the accusation arising out of a dispute in the nature of contractual relationship between the parties, let the petitioner, above named, be released on bail in the event of arrest or surrender before the learned court below within a period of twelve weeks from today in connection with Punpun P.S. Case No. 03 of 2012 on furnishing bail bond of Rs.10,000/-(Ten Thousand) with two sureties of the like amount each to the satisfaction of the learned S.D.J.M., Masaurhi, Patna, subject to the conditions as laid down under Section 438(2) of the Code of Criminal Procedure. U.K./- (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.