What is Section 420 IPC?

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  1. 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.
    CLASSIFICATION OF OFFENCE
    Punishment
    —Imprisonment for 7 years and fine—Cognizable—Non-bailable— Triable by Magistrate of the first class—Compoundable by the person cheated with the permission of the court.

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