Case Facts:
Patna High Court Cr.Misc. No.40830 of 2011 (4) dt.27-03-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.40830 of 2011 ====================================================== Anil Kumar Singh, son of Sheo Shankar Singh, resident of Village- Parsa, Police Station- Majhawalia, District- West Champaran. .... .... Petitioner. Versus The State of Bihar .... .... Opposite Party. ====================================================== Appearance : For the Petitioner. : Mr. Siya Ram Shahi, Advocate. Ms. Shally Kumari. For the Opposite Party/s : Mr. ====================================================== CORAM: HONOURABLE MR. JUSTICE GOPAL PRASAD ORAL ORDER 4 27-03-2012 Heard learned counsel for the petitioner and learned counsel for the State. The petitioner is apprehended his arrest in connection with Majhoulia Police Station Case No. 165 of 2011, registered under [STATUTE] . It is alleged that crop insurance has opened by the informant and his Account No. 969. It is alleged that petitioner is Chairman (PACS) of Parsa Block and he fraudulently get inserted the name of his own person (the accused Taurez Alam) and with his help withdraw the insurance amount of crops which was transferred in the account of the petitioner of Co-operative Bank, Bettiah. Learned counsel for the petitioner submits that Taurez Alam under whose signature money was withdrawn and there is nothing against the petitioner. Learned counsel for the informant however contends that petitioner was Chairman of PACS and he must be instrumental in getting the same account open in joint account. Patna High Court Cr.Misc. No.40830 of 2011 (4) dt.27-03-2012 However, there is only material about complicity of the petitioner in opening the joint account. Under the above facts and circumstances of the case the above named petitioner in the event of his arrest/surrender within a period of four weeks from today shall be released on bail on furnishing bail bond of Rs. 10,000/- (Ten thousand) with two sureties of the like amount each to the satisfaction of the Chief Judicial Magistrate, Bettiah, in connection with Majaulia P.S. Case No. 165 of 2011, subject to condition as laid down under Section 438 (2) of Cr. P.C. with a further condition that if any material regarding implication of the petitioner has found during investigation and charge sheet submitted against the petitioner, then petitioner may prayer for regular bail. m.p. (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.