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What is Section 420 IPC?
Cheating and dishonestly inducing delivery of property.— 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.
420 IPC Punishment?
If any person who has done fraud, cheating and dishonesty of any property, he/she shall be punished with imprisonment of a term which may extend to 7 years or fine or both, if the offence under the section 420 IPC is proved.
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420 IPC Bailable or Not?
Punishment of fraud, cheating and dishonesty of any property is cognizable and non-bailable offence under Section 420 IPC which is triable by Judicial Magistrate of the first class.
420 IPC Compoundable or Not?
Fraud, cheating and dishonesty of any property under section 420 IPC is a compoundable offence.
Compoundable offence means complainant can compromise the case and agrees to close the case (This means this IPC 420 charged against the accused should be lifted or withdraw) and complainant must request in written compromise petition to the Honorable Court to close or withdraw the case.