IJAZ AHMAD CHAUDHRY, J. - Through this petition under Section 497, Cr.P.C., Afzal Ali petitioner seeks bail after arrest in case F.I.R. No. 440, dated 23.6.2009, registered under Section 489-F, P.P.C. At Police Station Ichhra, Lahore on the application of Khalid Mahmood complainant with the allegation that the petitioner dishonestly issued two cheques No. CA 8721448 and CA 8721449 worth Rs. 3,00,000/- each N.I.B. Bank Ichhra Branch, Lahore which were dishonoured from the concerned bank due to insufficient funds.
2. A compromise has been arrived at between the parties according to which an amount of Rs.
50,000/- has been paid to the complainant on behalf of the petitioner by the father of the petitioner in Court and the learned counsel for the petitioner contends that the petitioner has given undertaking that after release from jail within six months remaining amount of Rs. 1,68,000/- will be paid to the complainant by the petitioner and in case the petitioner fails to pay the said amount the complainant can file application for cancellation of the bail of the petitioner which can be considered at the stage. However, regarding remaining amount the complainant can file civil proceedings for the recovery of the amount.
3. In view of the above compromise, this application is allowed and the petitioner is admitted to bail subject to his furnishing bail bonds in the sum of Rs. 1,00,000/- (Rupees one lac only) with one surety in the like amount to the satisfaction of the learned IIIaqa/Judicial Magistrate.
Bail after arrest granted.