Crl.M.No.64-M of 2010 #1# IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH Crl.M.No.64-M of 2010 Date of Order: 16.12.2010 Sidharth Tripathi .....Petitioner Vs. State of Haryana .....Respondent CORAM: HON'BLE MR. JUSTICE JASWANT SINGH Present: Mr. Puneet Kansal, Advocate for the petitioner. Mr. M.S. Sindhu, Addl.A.G, Haryana. Mr. Ajit Atri, Advocate for the complainant. JASWANT SINGH, J (ORAL) Prayer under Section 438 Cr.P.C is for grant of anticipatory/pre arrest bail in case FIR No.322 dated 25.6.2009 under Sections 406/420 IPC, P.S City STR, District Kurukshetra. Learned counsel for the petitioner has pointed out that the complainant had been dealing with the petitioner for one and a half years. The company represented by the petitioner namely M/s Karvi Stock Broking Limited is a company that acts as a broker on behalf of a number of persons and under license given by SEBI, NSE and BSE. It has further been brought out that persons like the complainant give orders for purchase or sale of shares or commodities. The order is executed in the account maintained by the company as per the instructions of the person trading in shares or commodities. At the end of the day, SMS is sent in regard to the execution of the contract. Every such person maintains a limit with the Crl.M.No.64-M of 2010 #2# company and cannot trade beyond the said limit. It has also been brought out that the complainant owed some money towards the company, whereof legal action was taken. Immediately thereafter, the FIR has been lodged as a counter blast to a legal claim of the company. It is submitted that from the nature of transaction undertaken by the petitioner, no offence is made out. Learned state counsel, on instructions from ASI Jarnail Singh, states that after thorough investigations, allegations have not been found to be correct and accordingly a cancellation report prepared and the same has been submitted before the court of competent jurisdiction, therefore, the present petition has become infructuous. In view of the statement made by learned state counsel, learned counsel for the petitioner does not press this petition. Dismissed as not pressed. December 16, 2010 ( JASWANT SINGH ) manoj JUDGE