JUDGMENT :

Karamjit Singh , J.

1. Case has been heard through video conferencing on account of COVID-19 Pandemic.

2. The present petition has been filed under Section 439 Cr.P.C. seeking regular bail on behalf of petitioner in case FIR No.133 dated 8.6.2021 registered under Sections 420, 465, 467, 468, 471, 201, 120-B at Police Station Sector 26, Chandigarh.

3. Learned Senior counsel for the petitioner submits that the petitioner has been falsely implicated in the present case at the instance of his cousin Deepak Singla and his wife Shweta Singla, who is complainant in the present case. It is further contended that petitioner and Deepak Singla were running M/s Bell Enterprises whereas Shweta Singla was owner of M/s K.S. Enterprises. While referring to balance sheet dated 31.3.2016 (Annexure P-1/A) of M/s Bell Enterprises, the counsel for the petitioner submitted that said firm owed approximately Rs. 4 crores to aforesaid M/s K.S. Enterprises and this fact clearly establishes that Deepak Singla being hand in glove with his wife Shweta Singla was causing losses to M/s Bell Enterprises and financial gains to the firm owned by his wife Shweta Singla.

4. The learned Senior counsel for the pe