IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Criminal Misc. No. M-12425 of 2009 Date of decision : July 07, 2009 Baljit Singh alias Jagjit Singh ....Petitioner versus State of Punjab ....Respondent Coram: Hon'ble Mr. Justice L.N. Mittal Present : Mr. DPS Kahlon, Advocate for the petitioner Mr. Gaurav Garg Dhuriwala, AAG Punjab with Mr. NS Shekhawat, Advocate, for respondent L.N. Mittal, J. (Oral) Baljit Singh alias Jagjit Singh has filed this petition for bail in case FIR No. 30 dated 1.4.2008 under sections 420, 408, 468, 467, 471, 120-B IPC Police Station Division No. 2, Pathankot District Gurdaspur. According to the prosecution version, the petitioner as Field Officer of the complainant-company got sanctioned loans in the name of different borrowers by giving false names and addresses and by giving his own address as addresses of the borrowers and also received installments of re-payment of loan amounts from the borrowers and misappropriated the same. Amount of Rs 1.58 crores is said to have been misappropriated by the petitioner along with co-accused including his own wife. I have heard learned counsel for the parties and perused the case file. Criminal Misc. No. M-12425 of 2009 -2- Learned counsel for the petitioner vehemently contended that the petitioner is in custody for the last four and a half months and the case is triable by Magistrate and the petitioner was not final authority to sanction the loans. I have carefully considered the contentions. The petitioner as Field Officer received installments of repayment of loan amount from the borrowers and misappropriated the same. The petitioner employed with the complainant-company for about four years also got sanctioned loans by giving wrong addresses of the borrowers including his own address as address of the borrowers. The amount involved is to the tune of Rs 1.58 crores. Keeping in view all the circumstances but without meaning to express any opinion on the merits, the instant bail petition is dismissed. ( L.N. Mittal ) July 07, 2009 Judge 'dalbir'