Balvir Singh vs State of Punjab

Prayer in these petitions is for grant of regular bail to the petitioners namely Balvir Singh and Rajinder Kumar under Section 439 of the Code of

Criminal Procedure (in short 'Cr.P.C.') in FIR No.06 dated 19.10.2016, for offence punishable under Sections 406, 420, 467, 468, 471, 120-B of the

Indian Penal Code (in short 'IPC'), 4 and 5 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, registered at Police Station State

Crime S.A.S. Nagar, District S.A.S. Nagar, Mohali.

Counsel for the petitioners has submitted that while granting bail to the co-accused on 20.07.2018, the following order has been passed in CRM-M

No.18477 of 2018:-

“Learned senior counsel for petitioner Lalit Khurana submits that the police has submitted two reports under Section 173 Cr.P.C. before the trial

Court and there is no evidence against the petitioner in these two aforesaid reports and only statement of one Vikram has been recorded, in which he

has stated that he has deposited an amount of Rs.25 lacs in the Crown Credit Company. It is further submitted that the petitioner is in judicial custody

since 25.12.2017 and it being a magisterial trial, it will take long time in conclusion of the trial, as the prosecution is contemplating to file yet another

supplementary challan. Learned senior counsel has further submitted that the petitioner himself is an investor in the company.

Learned senior counsel for Baghwant Singh has submitted that the petitioner, who is 70% handicap person, was working as an employee of the

company and he is in judicial custody since 25.12.2017.

Learned senior counsel for Beant Singh submits that the allegations against the petitioner are of similar nature and he is also in judicial custody since

25.12.2017.

Learned senior counsel for petitioner Amandeep Singh has submitted that the petitioner is in judicial custody since 10.03.2017 and similar allegations

are levelled against him.

Learned State counsel, on instructions from Inspector Suman and assisted by learned counsel for the complainant, has however opposed the prayer

for bail on the ground that number of investors have made the statements before the police, forming part of the report under Section 173 Cr.P.C. that

on the allurement made by the petitioners, the victims have made investments in the aforesaid company and they have been cheated of their hard-

earned money. Learned State counsel has further submitted that one co-accused namely Jaswinder Singh Kaler, who was granted the regular bail by

this Court vide order dated 28.07.2016 passed in CRM-M-21793-2016, has absconded from the Court proceedings and is not appearing before the trial

Court. It is further submitted that during the investigation, it has come on record that some amount has been transferred to another company Zuflo,

which is run by aforesaid Jaswinder Singh Kaler.

After hearing learned counsel for the parties and without commenting anything on merits of the case, considering the fact that the petitioners are in

judicial custody since long and the report under Section 173 Cr.P.C. has been submitted before the trial Court; offences are triable by the Court of

Magistrate and also in view of the fact that since the police is still contemplating to file another supplementary challan, it will take some time in

conclusion of the trial, it being a magisterial trial and in view of the judgment in Manoranjana Sinh @ Gupta Vs. Central Bureau of Investigation, 2017

(1) RCR (Crl.)

1025, wherein the Hon’ble Supreme Court has granted the concession of bail to the accused persons, who were involved in a scam of more than

Rs.10,000/- crores considering the length of custody and observing that the undertrial prisoner cannot be detained for a definite period and it would

amount to violation of Article 21 of the Constitution of India, these petitions are allowed and the petitioners are granted regular bail subject to the

following conditions: -

(a) the petitioners will furnish bail bonds/two sureties of Rs.1.00 lacs each to the satisfaction of the trial Court/Duty Magistrate/Illaqa Magistrate.

(b) the petitioners will furnish FDRs of Rs.5.00 lacs each in the name of the Chief Judicial Magistrate, SAS Nagar (Mohali) along with an undertaking

that in case the petitioners failed to appear before the trial Court or abscond from the Court proceedings, the FDR amount of Rs.5.00 lacs shall stand

forfeited to the State.

(c) the petitioners will appear before the Investigating Officer, in case any other co-accused is arrested and the petitioners are required for further

investigation in this regard, on receiving a notice from the Investigating Officer.

(d) the petitioners will also surrender their passports, if any and will not leave India without prior permission of the Court.â€​

Counsel for the petitioner has further argued that subsequently, even other accused have been granted the concession of regular bail by this Court vide

order dated 12.09.2018 passed in CRM- M No.33579 of 2018 and some of them have been granted the concession of regular bail by the trial Court on

30.08.2018.

Counsel for the State, assisted by counsel for the complainant has not disputed the factual position but opposed the prayer for bail.

Without commenting anything on merits of the case, considering the fact that the co-accused of the petitioners have already been granted the

concession of bail; the petitioners are no more required for further investigation and conclusion of the trial is likely to take some time, these petitions

are allowed and the petitioners namely Balvir Singh and Rajinder Kumar are directed to be released on bail subject to the following conditions:-

(a) the petitioners will furnish bail bonds/two sureties of Rs.1.00 lacs each to the satisfaction of the trial Court/Duty Magistrate/Illaqa Magistrate.

(b) the petitioners will furnish FDRs of Rs.5.00 lacs each in the name of the Chief Judicial Magistrate, SAS Nagar (Mohali) along with an undertaking

that in case the petitioners failed to appear before the trial Court or abscond from the Court proceedings, the FDR amount of Rs.5.00 lacs shall stand

forfeited to the State.

(c) the petitioners will appear before the Investigating Officer, in case any other co-accused is arrested and the petitioners are required for further

investigation in this regard, on receiving a notice from the Investigating Officer.

(d) the petitioners will also surrender their passports, if any and will not leave India without prior permission of the Court.

However, it will be open for the prosecution to apply for cancellation of bail of the petitioners, in case they are found involved in any other case or

misusing the concession of bail, in any manner.