Through this Constitutional petition, petitioner has sought quashment of F.I.R. No. 12/2008, Police Station Boat Basin, Clifton, Karachi, which has been ignored against him by the recovery officer of respondent No. 3 for commission of offence under Section 489-F, PPC.
2. As it appears from the parawise comments, admitted on behalf of respondent No. 2, the Investigating Officer, after completion of investigation has submitted charge-sheet No. 49/2008, dated 11.03.2008 before the concerned Court.
3. At the outset learned counsel for respondent No. 3, who are the complainant in the said crime, states that without conceding to the allegations of mala fide or ulterior motive, respondent. No. 3 concede that for the recovery of slims due in respect of dishonored cheque issued by the petitioner, they will follow remedy before the Banking Court, which is the appropriate remedy, and insofar as the proceedings arising out of Crime No. 12/2008, Police Station Boat Basin are concerned, they are not interested in pursuing the same being unwarranted by law in view of the clear language of Section 20(4) of the Financial Institutions (Recovery of Finances) Ordinance, 2001 and a recent judgment of this Court dated 7.11. 2008 in the case of Nizar Ali Fazwani and another v.
M/s. Pak Golf Leasing Company and-another (Crl. Misc. No. 76 of 2008).
4. Learned counsel for the petitioner, when enquired about the fate of the charge-sheet submitted before the concerned Court, states that she is not award about the proceedings in the said crime after submission of challan as the petitioner is seeking remedy before this Court for quashment of the F.I.R.
5. After careful perusal of the case record, we are of the opinion that registration of F.I.R, for the commission of offence under Section 489-F, PPC by the respondent No. 3 is contrary to the spirit of above provision of law and dictum laid down in the above-referred judgment by a Division Bench of this Court and further respondent No. 3 are conceding to the position that they intend to seek remedy before the Banking Court instead of following remedy of criminal prosecution of the petitioner due to dis-honored cheques.
6. In such circumstances, no fruitful purpose will be served if the proceedings arising out of Crime No. 12/2008, Police Station Boat Basin are allowed to continue before the concerned Court.
Accordingly, the said proceedings are quashed and this petition is disposed of accordingly alongwith the listed application.