Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.2734 of 2012 ====================================================== 1. Baleshwar Prasad S/O Late Iswar Prasad Resident Of Village Bara, Police Station Ben, District Nalanda, At Present Kutalupur, Police Station Ben, District Nalanda. .... .... Petitioner/s Versus 1. The State Of Bihar .... .... Opposite Party/s ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 02/ 09-02-2012 Heard learned counsels for the petitioner and the State. The petitioner being PDS dealer is languishing in custody since 15.11.2011 in a case registered for the offences punishable under [STATUTE] and 7 of Essential Commodities Act. It is alleged that 10 quintals of rice were seized which were being carried for being sold in the black market. Considering the period under custody, let the petitioner namely Baleshwar Prasad, 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 learned Chief Judicial Magistrate, Nalanda at Biharsharif in connection with Silao P.S. Case No. 132 of 2011. 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.