120 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Date of Decision: 23.04.2026 Rahul Kumar ..... Petitioner Versus State of Punjab .......Respondent CORAM: HON'BLE MR. JUSTICE RAJESH BHARDWAJ Present: Mr. A.S.Khosa, Advocate, for the petitioner.

Mr.K.D.Sachdeva, DAG, Punjab.

Rajesh Bhardwaj, J. (ORAL)

1. Prayer in the present petition is for grant of regular bail to the petitioner in a case FIR No.50 dated 15.03.2023, registered under Sections

408, 120-B IPC, at Police Station City Fazilka, District Fazilka.

2. Succinctly, facts of the case are that the FIR in the present case was registered on the statement of Baljeet Singh, Manager of Bharat Financial Inclusion Limited (Indusind Bank Abohar) presently posted at Dhobi Ghat Mohalla, Fazilka. It was alleged that their company is involved in granting loans to poor and needy ladies for their self employment and for that purpose 7/8 officials are appointed by the company as Sangam Managers to collect loan installments from the beneficiaries. It was alleged that while being so entrusted with job of collecting loan installments, the petitioner, namely, Rahul Kumar collected an amount of Rs.2,22,248/- from the beneficiaries in the name