Crl. Misc. No.M-8588 of 2011 [1] IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. Crl. Misc. No. M-8588 of 2011 (O&M) Date of Decision: August 3, 2011 Dheeraj Singh …..Petitioner Vs. CBI …..Respondent CORAM: HON’BLE MR. JUSTICE M.M.S. BEDI. -.- Present:- Mr. Sanjiv Bansal, Advocate for the petitioner. Mr. Sumeet Goel, Advocate for CBI. -.- M.M.S. BEDI, J. (ORAL) The petitioner seeks the concession of regular bail in a case registered against him alleging that he had raised loan of ` 4 crores but the said amount has been misappropriated in connivance with his co-accused, the Manager of Punjab National Bank. The petitioner had deposited a sum of ` 2.60 crores out of ` 4 crores and had undertaken to deposit the Crl. Misc. No.M-8588 of 2011 [2] remaining amount of ` 2 crores on May 16, 2011 by a statement made through his counsel in the Court. It has been informed that the entire amount of loan has been repaid. Counsel for the CBI has contested the said claim on the basis of the penal interest calculated by the Bank. Without expression of any opinion on the calculations of re- payment, it is sufficient to observe that the petitioner has been in custody since February 25, 2011 excluding the period of interim bail from May 17, 2011 to July 31, 2011. Petitioner is at present in custody after having surrendered before the Special Judge, CBI on August 1, 2011. Taking into consideration the period of detention suffered and the substantial amount having been deposited, the petition is allowed. Petitioner is ordered to be released on bail on his furnishing bail bonds/ surety bonds to the satisfaction of the Illaqa/ Duty Magistrate. August 3, 2011 (M.M.S.BEDI) sanjay JUDGE