JUDGMENT

Arun Kumar Tyagi, J. - The petitioner has filed the present (first) petition under Section 439 of the Code of Criminal Procedure, 1973 for grant of regular bail in case FIR No. 70 dated 29.07.2020 registered under Sections 408, 420 and 120 B of the Indian Penal Code, 1860 (for short 'the IPC') at Police Station North, Chandigarh to which Sections 467, 468 and 471 of the IPC were added later on.

2. Sh. Sushil Singla, Managing Director of M/s Supreme Securities Limited submitted written complaint to the Senior Superintendent of Police, Chandigarh against Vipin Kumar Dua, Regional Manager (the petitioner); Ankur Moudgill, Assistant Manager; Priya Sharma, Senior Executive and Sukhchain Singh, Field Executive - employees of M/s Supreme securities Limited working in its Sector 8-C Branch. In the complaint, it has been inter-alia alleged that all the above said four accused persons were responsible for the day to day business of the branch and to maintain the accounts books in due course of the business. Accused Nos. 1 to 4 have misappropriated and embezzled amount of, at least, Rs. 4,91,61,424/- which amount was in their possession as property of the Company as its employees/agent