Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.43119 of 2012 ====================================================== Jitendra Kumar Gupta @ Jitendra Kumar S/O Late Surendra Prasad R/O Flat No.- 407, Purnima Apartment, Salimpur Ahara, Gali No.- 1, Kadamkuan, Distt.- Patna. .... .... Petitioner. Versus The State Of Bihar .... .... Opposite Party. ====================================================== CORAM: HONOURABLE MR. JUSTICE DINESH KUMAR SINGH ORAL ORDER 2 18-12-2012 Heard learned counsels for the petitioner, complainant and the State. The petitioner is apprehending his arrest in a complaint case in which cognizance has been taken for the offences punishable under [STATUTE] . It is alleged that the complainant was persuaded by Raju Prasad, Salesman of Haldi Ram Bhujiyawala Company, for getting the franchisee when it is alleged against this petitioner being the Regional Sales Manager of the said Company that he also persuaded the complainant for getting the franchisee and in pursuance to that the complainant deposited Rs. 3,00,000/- in the account of Sri Ganpati Agencies, another franchisee holder of Haldi Ram Bhujiyawala Company. It is submitted by learned counsel for the Patna High Court Cr.Misc. No.43119 of 2012 (2) dt.18-12-2012 2 / 2 2 petitioner that there is nothing on record to suggest that the petitioner persuaded the complainant to deposit money. Moreover, money has been deposited in the account of Sri Ganpati Agencies. Considering the aforesaid facts, let the petitioner, above named, be released on bail in the event of arrest or surrender before the learned court below within a period of twelve weeks from today in connection with Complaint Case No. 255 of 2011, Trial No. 1956 of 2011 on furnishing bail bond of Rs.10,000/-(Ten Thousand) with two sureties of the like amount each to the satisfaction of the learned S.D.J.M., Daudnagar, subject to the conditions as laid down under Section 438(2) of the Code of Criminal Procedure. U.K./- (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.