SHAM SUNDER DHINGRA Vs. STATE OF PUNJAB

JUDGEMENT

(1.) SHAM Sunder Dhingra Branch Manager (under suspension), Central Bank of India, Non-Banking Office, Kumhar Mandi, Ludhiana has filed this petition under Section 438, Criminal Procedure Code, for grant of anticipatory bail in a case registered vide FIR No. 12 dated January 16, 1994, under Sections 409, 420, 380, 381 read with Section 120-B, Indian Penal Code, in Police Station Kotwali, Bathinda.

(2.) FIRM M/s Sham Sunder Hari Ram, Bathinda, was enjoying the bill purchase facility upto the limit of Rs. 12 lacs plus Rs. 20 lacs since the year 1989 and in consequence of that facility, the Central Bank of India, Bathinda Branch (for short, 'the Bank') Purchased 10 bills, alongwith 20 railway receipts for Rs. 12,70,000/- from the said firm through its partner Sat Narain Kanodia, who used to visit the Bank frequently. It is alleged in the first information report that said Sat Narain Kanodia removed the said bills and railway receipts from the custody of the Bank and took the delivery of goods there against through his Munim. It is further mentioned in the first information report that the said amount of Rs. 12,70,000/- was credited to the account of the said firm, wherefrom Sat Narain Kanodia transferred the amount of Rs. 12,41,500/- to sister concern M/s Sham Sunder and Company. The first information report reads as under:-

(3.) AFTER hearing the learned counsel for the parties, I am of the view that this is not a fit case for grant of anticipatory bail to the petitioner. This petition is accordingly dismissed.