Petitioner seeks post-arrest bail in case FIR No, 867/4011 edated 16.10.2011, for an offence under Section 489-P, PPC, registered at Police Station 'A' Division, District Okara.
2. Briefly the facts as narrated in the FIR are that the petitioner issued two cheques amounting to Rs, 11.00,000/- and Rs,7,90,000/- which on presentation were dishonoured.
3. Learned counsel for the petitioner submits that the petitioner is behind the bars for the last 7% months and no more required for the purpose of investigation; he is aged about sixty year; that the cheques were issued as a guarantee cheques. Places reliance on Riaz Jafar Natiq versus Muhammad Nadeem Dar and others (2011 SCM R 1708), Zafar Iqbal versus Muhammad Anwar and others (2009 SCM R 1488) and prays for grant of post-arrest bail.
4. Conversely, learned, D.P.G. assisted by the learned counsel for the complainant submits that three cases under Section 489-F, PPC were registered against the petitioner; challan was submitted in the Court on 12.06.2012; he is a retired banker and the bank has also filed a recovery suit against him. He prays for dismissal of the bail application.
5. I have heard the learned counsel for the parties and perused the record.
6. The petitioner is behind the bars for the last 7(1/2) months and no more required for investigation purpose. Registration of criminal cases of similar nature if not accompanied 'by conviction orders would-not disentitle the petitioner from the grant of bail. The question whether the cheques were issued with dishonest intent requires further inquiry. In this view of the matter this application is accepted and the petitioner is admitted to post-arrest bail provided he furnishes bail bonds in the sum of Rs,500,000/- (five lac rupee) with two sureties each in the like amount to the satisfaction of the learned trial Court.