Indian Penal Code, 1860

Cheating with knowledge that wrongful loss may ensue to person whose interest offender is bound to protect.—

Section

418

Punishment

Imprisonment up to Three Year(s) + Fine

Cognizable

Cognizable

Bailable

Non-bailable

Compoundable

Non-Compoundable (Refer to CrPC 320 for exceptions)

Trial Court

Magistrate First Class

Bare Act Text

418. Cheating with knowledge that wrongful loss may ensue to person whose interest offender is bound to protect.— Whoever cheats with the knowledge that he is likely thereby to cause wrongful loss to a person whose interest in the transaction to which the cheating relates, he was bound, either by law, or by a legal contract, to protect, shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.
According to the official bare act, this legal offense is defined as: 418. Cheating with knowledge that wrongful loss may ensue to person whose interest offender is bound to protect.— Whoever cheats with the knowledge that he is likely thereby to cause wrongful loss to a person whose interest in the transaction to which the cheating relates, he was bound, either by law, or by a legal contract, to protect, shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.
The punishment for this specific offense is outlined under the law as: Imprisonment up to Three Year(s) + Fine
Under the Indian Penal Code, this specific offense is classified as a Non-bailable offense.
The legal status regarding police arrest without a warrant is that this offense isCognizable.
Cases pertaining to this specific IPC section are triable by the Magistrate First Class.
The compoundable nature of this offense, meaning whether the parties can settle it out of court, is classified as: Non-Compoundable (Refer to CrPC 320 for exceptions).
Section (dhara) 418
Disclaimer:

This article is for general legal information only and is not a substitute for professional legal advice. Please consult a qualified advocate for your specific case.

Leave a Comment

Scroll to Top