IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. Criminal Misc. No.M-31839 of 2009 (O&M) Date of Decision: 16.11.2009. Tarlochan Singh ....Petitioner Versus State of Punjab ...Respondent CORAM : Hon'ble Mr. Justice Rajesh Bindal Present:- Mr. Sandeep Arora, Advocate for the petitioner. RAJESH BINDAL J. **** The allegations in the FIR are that one firm namely M/s Benarsi Dass and Company raised a loan in the form of cash credit hypothecation facilities of Rs. 20 lacs and to secure the same various documents were signed. Besides that property purportedly owned by the loanee was also mortgaged. On verification it was found that infact no such property existed and sale deed was forged and fabricated document. The petitioner stood as guarantor to the loan raised by M/s Bensari Dass and Company. Prayer in the petition is for grant of anticipatory bail. The fact that document of the property which was mortgaged by the loanee to secure cash credit limit of Rs. 20 lac were found to be forged is not in dispute. His anticipatory bail application has already been dismissed by this Court. Anticipatory bail application of Surinder Singh who was the Lambardar has also been rejected by this Court. The petitioner was a guarantor to the loan. As per the facts stated in the petition, the petitioner is merely a Taxi Driver but knowing that his worth may not be even two lacs he stood guarantor for a loan of Rs. 20 lac. On specific query to counsel for the petitioner as to whether the petitioner is ready and willing to settle the loan amount being guarantor which was his duty in case of failure of loanee to pay the amount, the answer was in negative. Considering the totality of circumstances, I do not find it to be a fit case for grant of anticipatory bail. Criminal Misc. No. M-31839 of 2009 -2- Dismissed. As per the information of learned counsel for the petitioner, the main accused Deepak Chadha has not been arrested till date though the FIR in question was registered on 12.4.2005. It was further pointed out by him that Deepak Chadha had defrauded a number of financial institutions by raising loan in the same manner. Mr. Mehardeep Singh, DAG Punjab, who is present in Court is asked to furnish the status-report in this case. Adjourned to 26.11.2009. A copy of the order be given dasti to State counsel under the signatures of Bench Secretary. (RAJESH BINDAL) 16.11.2009 JUDGE Reema