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N. S. SHEKHAWAT
Hero Cycles Ltd. – Appellant
Versus
State of Punjab – Respondent
JUDGMENT :
N.S. Shekhawat, J.
1. The petitioner has filed the present petition under Section 528 of the Bhartiya Nagarik Suraksha Sanhita, 2023 with a prayer to issue directions to the trial Court to decide the application for discharge filed by Lakshkant in a case bearing CHI No. 69412 of 2022, arising out of the FIR No. 212 dated 10.08.2022 registered under Sections 408, 420 IPC (Sections 120-B, 465, 467, 468 and 471 IPC added later on) at Police Station Division No. 6 Ludhiana (Annexure P-2). A further prayer has also been made to issue directions to the trial Court to conclude the trial in a time bound manner.
2. Learned counsel for the petitioner contends that initially a complaint was moved against the accused with the allegations that they had defrauded the Company by siphoning off the funds and had caused unlawful loss to the Company. It was also alleged that unauthorized transactions had been made by transferring the funds of the Company to the personal bank account of the accused as well as their family members. Ultimately, FIR No. 212 dated 10.08.2022 Police Station Division No. 6, Ludhiana, was registered against the accused/respondents in the present case. During the cour
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