IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH Criminal Misc. No.M-6893 of 2011 Date of Decision : May 06, 2011. Satish Tandon .....Petitioner versus State of Haryana .....Respondent Criminal Misc. No.M-3197 of 2011 Kande Lal Purty .....Petitioner versus State of Haryana .....Respondent CORAM : HON'BLE MR.JUSTICE SURYA KANT. Present : Mr.R.S.Cheema, Senior Advocate alongwith Mr.R.K.Trikha, Advocate, Mr.J.S.Hooda, Advocate, for the petitioners. Mr.H.S.Deol, Additional Advocate General, Haryana. -.- 1. Whether Reporters of Local papers may be allowed to see the judgment? 2. To be referred to the Reporters or not? 3. Whether the judgment should be reported in the Digest? --- Surya Kant, J. (Oral) This order shall dispose of Criminal Misc.Nos.M-6893 and M- 3197 of 2011 as both these petitions arise out of the same FIR. For brevity, the facts are being extracted from Criminal Misc.No.M-6893 of 2011. Crl.Misc.Nos.M-6893 and M-3197 of 2011 [2] The petitioners seek their regular bail in case FIR No.658 dated 21.10.2008, registered at Police Station Central, Faridabad under Sections 419, 420, 467, 471, 120-B IPC. Both the petitioners were working as Chief Manager and Loan Manager respectively in the Oriental Bank of Commerce, Hauz Khas Branch, New Delhi. The allegations in the FIR pertain to the release of loan amount of Rs.1.07 crores in a fraudulent manner in favour of M/s Leather Creations whose proprietors, namely, Subha Trimurti and Kumar Subramaniam are now proclaimed offenders. The petitioners in their capacity as senior officers of the bank, are alleged to have facilitated the release of the loan in connivance with the proprietors of the firm knowing fully well that the loan was applied on the basis of forged and fabricated documents. The petitioners were arrested on 30.9.2010 and are in custody since then. It is not in dispute that the investigation is completed and challan has been presented in Court. The co-accused of the petitioners, namely, Manish Kumar and Mahesh Kumar have already been released on bail by this Court vide orders dated 20.4.2009 passed in Criminal Misc.No.M-8940 of 2009 and Criminal Misc.No.M-2915 of 2009 (Annexure P-12 & P-13). Having regard to the fact that the petitioners are in custody for the last over seven months; they are facing Magisterial trial and the conclusion of the trial will take some time, however, without expressing any views on the merits of the case, these petitions are allowed and the Crl.Misc.Nos.M-6893 and M-3197 of 2011 [3] petitioners are ordered to be released on bail on furnishing the bail bonds/surety bonds by them to the satisfaction of the Chief Judicial Magistrate/Illaqa Magistrate, Faridabad. Dasti. May 06, 2011 (SURYA KANT) Mohinder JUDGE