HDFC BANK LTD Vs. STATE OF PUNJAB

JUDGEMENT

(1.) THE epitome of the facts, which needs a necessary mention, for the limited purpose of deciding the core controversy, involved in the instant petition and emanating from the record, is that, a criminal case was registered against the accused, vide FIR No.358 dated 18.9.2009, on accusation of having committed the offences punishable under Sections 420, 465, 467, 468, 471 read with Section 120-B IPC by the police of Police Station Division No.6, Jalandhar, in which, a Hyundai Verna Car, which was hypothecated with the petitioner-HDFC Bank Limited (for short "the petitioner-bank") was taken into possession by the police as a case property.

(2.) IN pursuance of the application filed by the petitioner-bank, the Car in question was released on superdari by the Area Magistrate, by virtue of impugned order dated 18.3.2011 (Annexure P1), which is as follows:-

(3.) THE petitioner-bank still did not feel satisfied and preferred the present petition, to challenge the impugned orders (Annexures P1 & P2), invoking the provisions of Section 482 Cr.PC.