In the High Court of Punjab and Haryana at Chandigarh ...... Criminal Misc. No.M-20900 of 2010 ..... Date of decision:28.9.2010 Om Parkash .....Petitioner v. State of Punjab .....Respondent .... Present: Mr. Sukhjit Singh, Advocate for the petitioner. Mr. V.P.S. Sidhu, Assistant Advocate General, Punjab for the respondent-State. ..... S.S. Saron, J. The petitioner seeks regular bail in a case registered against him for the offenes under Sections 420, 465, 467, 468, 471 and 120-B IPC. The FIR in the case has been registered on the complaint of Assistant Excise and Taxation Commissioner, Ludhiana. According to the complainant, it has come to his notice from the Excise and Taxation Officer- cum-Designated Officer that M/s Sanya Alloys Private Limited was involved in bogus purchase creating bogus inputs tax credit. The dealer had made purchases worth Rs.6,56,55,360/- involving inputs tax credit of Rs.26,26,216/- for the quarters ending 30.6.2008, 30.9.2008, 31.12.2008 and 31.3.2009. According to the complainant, the petitioner, it is alleged, made bogus sales to M/s Sanya Alloys Private Limited which caused financial loss to the State exchequer. Learned counsel for the petitioner has submitted that he never committed the alleged offences; besides, the case is based on documentary Cr. Misc. No.M-20900 of 2010 [2] evidence and the documents of the petitioner are already in the custody of the Police. The case, it is submitted, is triable by the Magistrate. Therefore, further custody of the petitioner is not required. In response, learned counsel for the State has submitted that embezzlement involved is quite substantial and, therefore, the petitioner is not entitled to the concession of bail. After giving my thoughtful consideration to the matter, it may be noticed that investigation in the case is complete and the custody of the petitioner is not required for the purposes of investigation. The petitioner is in custody since 19.4.2010. The petitioner is the proprietor of M/s Nishant Sales (India) at Ludhiana and is said to have made bogus sales to the co- accused M/s Sanya Alloys Private Limited which resulted in financial loss to the State exchequer. The prosecution is to establish its case. The trial in the case is likely to take time. Further incarceration of the petitioner is unnecessary. In the circumstances, the petitioner on his furnishing personal bond and surety to the satisfaction of the learned trial Court shall be admitted to bail. The criminal miscellaneous petition stands disposed of. September 28, 2010. (S.S. Saron) Judge *hsp*