Case Facts:
Patna High Court Cr.Misc. No.27564 of 2012 (3) dt.24-09-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.27564 of 2012 ====================================================== Rudra Nand Jha .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s CORAM: HONOURABLE MR. JUSTICE HEMANT KUMAR SRIVASTAVA ORAL ORDER 03/ 24.09.2012 Heard learned counsel for the petitioner as well as learned Addl. Public Prosecutor for the State. Petitioner is in jail custody since 18.10.2011 in a case registered under [STATUTE] . The case was registered against Surendra Rai, the then BDO, Palasi and name of the petitioner came in course of investigation being manager of Dehti Packs in which amount of the government scheme had been deposited illegally. Para 63 of the case diary reveals that the aforesaid co- accused Surendra Rai has already been granted privilege of anticipatory bail by learned Addl. Sessions Judge l, Araria and so far as the Chairman of the aforesaid Dehti Packs, namely, Panchanand Biswas is concerned, he has already been released on regular bail by this court vide order dated 3.4.2012 passed in Cr. Misc. no. 12303/2012. Considering the aforesaid facts and circumstances as well as submissions of the parties, let the petitioner, Rudra Nand Jha, be released on bail on furnishing bail bonds of Rs 10,000/- with two sureties of the like amount each to the satisfaction of the Chief Judicial Magistrate, Araria in Palasi P.S. Case no. 115/2011. Shahid (Hemant Kumar Srivastava,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.