Case Facts:
Patna High Court Cr.Misc. No.37904 of 2011 (3) dt.19-01-2012 IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.37904 of 2011 ====================================================== Panchanand Kumar @ Panchanand, S/O-Sri Bhagwan Prasad Gupta .... .... Petitioner/s Versus The State Of Bihar .... .... Opposite Party/s ====================================================== ====================================================== CORAM: HONOURABLE MR. JUSTICE HEMANT KUMAR SRIVASTAVA ORAL ORDER (Per: HONOURABLE MR. JUSTICE HEMANT KUMAR SRIVASTAVA) 3 19-01-2012 Heard learned counsel for the petitioner as well as learned Additional Public Prosecutor for the State. Petitioner is in jail custody since 02.08.2011 in a case initially, registered under [STATUTE] and later on, [STATUTE] was also added. Petitioner is not named in the first information report. Allegedly, stolen iron rods were recovered from a pick-up van and the petitioner was found sitting on the said pick-up van. The aforesaid pick-up van was standing in front of house of one Rudal Mandal. Learned counsel for the petitioner submits that, as a matter of fact, petitioner is a bona fide purchaser and he had purchased the aforesaid iron rods from Rudal Mandal. Patna High Court Cr.Misc. No.37904 of 2011 (3) dt.19-01-2012 Considering the aforesaid facts and circumstances as well as submissions of the parties, let the petitioner be released on bail on furnishing bail bonds of Rs. 10,000/- (Ten Thousand) with two sureties of the like amount each to the satisfaction of Chief Judicial Magistrate, Munger in connection with Bariarpur P.S. Case No. 75 of 2011. SHAHZAD ANWER/- (Hemant Kumar Srivastava, J)

Applicable IPC Section: 411

Statute Text:
Section 411 of the Indian Penal Code. Dishonestly receiving stolen property knowing it to be stolen. Whoever dishonestly receives or retains any stolen property, knowing or having reason to believe the same to be stolen property, shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.