Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.3152 of 2012 Pankaj Kumar @ Shankar Kumar @ Pankaj Malakar, son of late Laxhmi Malakar, resident of Mahuari Milki P.S. Islampur, district Nalanda .. Petitioner Versus The State of Bihar .. Opposite party **** /2/ 23 January, 2012 Heard the learned counsel for the petitioner. No one appears for the State. This is a petition for regular bail for offence under [STATUTE] . There is allegation that the informant opened an account in Bajaj Allianz Company through the petitioner, who happens to be the agent of the said Company and paid Rs.5430/- in the year 2008, 2009 and 2010 though the receipt for the year 2010 was given, but, with regard to the payment of the year 2008 and 2009 receipt has not been given and the petitioner grabbed Rs.16290/-. The learned counsel for the petitioner submits that the receipt was demanded after three year, itself, appears to be 2 doubtful and the petitioner is in jail since 15.12.2011. Hence, having regard to the facts and circumstances, the petitioner, above named, is directed to be released on bail on furnishing bail bond of Rs.10,000/- (rupees ten thousand) with two sureties of the like amount each in connection with Islampur P.S. Case No. 160 of 2011 to the satisfaction of Additional Chief Judicial Magistrate, Hilsa, district Nalanda, S.A. ( Gopal Prasad, J.)

Applicable IPC Section: 406

Statute Text:
Section 406 of the Indian Penal Code. Criminal breach of trust. Whoever commits criminal breach of trust shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.