Cr.Misc. M M 14766 of 2010 1 IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYNA AT CHANDIGARH. Cr.Misc. M M 14766 of 2010 Date of decision: 29.10.2010 Rakesh Kumar Petitioner vs. State of Punjab Respondent Present: Mr. Nandan Jindal, Advocate. Mr. PS Bajwa, DAG, Pb M.M.S.BEDI,J. The petitioner was booked in a criminal case for misappropriation of amount of ` 48000/-, received from complainant Punjab Financial Corporation. The petitioner has allegedly disposed of the electric motor of 2 H.P. and violated the terms and conditions of hypothecation deed. The petitioner has repaid the entire amount to the complainant- Corporation in the year 2004. The petitioner claims that after paying the entire money he had gone to Kota. It appears that it is a case where instead of initiating the recovery proceedings against the petitioner, the FIR was got registered at the instance of then D.M. Punjab Financial Corporation, Sangrur. Without expression of any opinion on merits of the case, it is sufficient to observe that the petitioner having already surrendered before the Illaqa Magistrate/ Duty Magistrate and having been released on interim bail, he can be granted the concession of pre-arrest bail in view of the fact that the matter pertains to the year 1997 and that the account seems to have been settled with the complainant. Cr.Misc. M M 14766 of 2010 2 The petition is allowed and it is ordered that the petitioner will be released on bail by the trial court on presentation of supplementary challan by the prosecution agency subject to the condition that he will continue to appear before the trial court and will not absent himself without any sufficient cause. Since the matter pertains to the year 1997, in the interest of justice, a direction is issued that the trial will be concluded within one year after presentation of supplementary challan. October 29 ,2010 ( M.M.S.BEDI ) TSM JUDGE