The bus belonged to Sahibzada Ajit Singh Public School of near by Sarhali village, they said.
The deceased Harish (12), a fourth standard student, was the resident of Jagatpur Jattan village of Phagwara Block.
Bus driver Jaswant Singh fled from the scene after the accident while jeep driver Sanbir Singh has been hospitalised, police said.
The injured students, aged between five and fifteen years, are getting treated in private and government hospitals here.
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