Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.15370 of 2012 ====================================================== Jay Prabhu Ram .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 03/ 08-05-2012 Heard learned counsels for the petitioner, the State and the complainant. The petitioner is apprehending his arrest in a complaint case in which cognizance has been taken for the offence punishable under [STATUTE] . The accusation is of taking Rs.7,50,000/- for transfer of the land when the land was not transferred. Subsequently two cheques of Rs. Five lakhs were issued which got bounced. Without expressing any opinion on the merits of the case, petitioner is ready to deposit Rs. Five lakhs before the learned court below which will be invested in some fixed deposit scheme in connection with the present case which will subject to the result of Patna High Court Cr.Misc. No.15370 of 2012 (3) dt.08-05-2012 2/2 the case. On deposit of aforesaid amount, let the above named petitioner be released on anticipatory bail in the event of his arrest or surrender before the learned court below within a period of twelve 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 learned Judicial Magistrate, Ist Class, Hajipur in connection with Complaint Case No. C1-1904 of 2011, Trial No. 3002 of 2011, subject to the conditions as laid down under Section 438(2) of the Cr.P.C. DKS/ (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.