JUDGMENT

Anoop Chitkara, J. -

1. The petitioners apprehending arrest in the FIR captioned above, have come up before this Court under Section 438 CrPC seeking anticipatory bail.

2. In paragraph 13 of the bail petition, the accused declare that they have no criminal antecedents.

3. Petitioners' counsel argued that the custodial investigation would serve no purpose whatsoever, and the pre-trial incarceration would cause an irreversible injustice to the petitioners and family.

4. State's counsel opposes the bail. Counsel for the complainant has also opposed the bail.

REASONING:

5. The allegations against the petitioners are that they in connivance with other co accused Rajbir Singh, cheated the complainant by misappropriating the funds of M/s Ram Saran Rajbir, and converted the firm into proprietorship firm by forging certain documents which were later on removed from office record. Given the timegap, penal provisions imposed and the sentence provided by the Legislature, the nature of allegations coupled with the fact that the petitioners are first offender, and one of the rel