Hey Aayush!

Congratulations! With 122.75 marks and domicile of Punjab, you do have a good chance of making it to RGNLU. Since the CLAT cutoffs are expected to rise because of the easier paper this year, I can't assure you that you will get RGNLU in the first list itself, but in all probability you might get it in the second or third list. In the first list, there is a possibility that you might get some of the NLUs which are ranked lower than RGNLU.

All the best. Hope it helps.