Law:

Section:

Constitution of Pakistan (1973)-----Art. 185(3)--Criminal Procedure Code (V of 1898), S. 497--Accused Managing Director of a defunct Finance Company--Bail--Sureties, adequacy of--Liability against accused of about Rs.25 lacs--Bail granted in sum of Rs.25 lacs with two sureties each in like amount--Accused unable to arrange sureties--On appeal, Supreme Court reduced amount of bail but increased number of sureties to safeguard interests of Bank/Company. Mehdi Khan Mehtab, Advocate-on-Record for Petitioner. Khalil Ramday, Additional Advocate-General Punjab and Sharif Khokhar, O.L. for Respondent. Date of hearing: 4th June, 1985. ORDER ASLAM RIAZ HUSSAIN, J.--Mian Muhammad Abdullah petitioner seeks leave to appeal against the order of the Lahore High Court dated 18-3-1985. 2. We issued notice to the Advocate-General and the official Liquidator and after hearing the learned counsel for the parties we convert the petition into appeal and proceed to dispose it of as such. 3. Briefly stated, the facts of the case are that Muhammad Abdullah petitioner was the Managing Director of a defunct Finance Company. The matter of the said Company is being examined by a learned Company Judge in the Lahore High Court. According to the official Liquidator the liability against the petitioner stood at about Rs.25 lacs. The learned Company Judge directed the petitioner to furnish adequate security in the sum of Rs.15 lacs to the satisfaction of the Deputy Registrar (Judicial) of that Court and also to deposit his International Passport. The petitioner deposited his passport but was unable to furnish the security as directed by the learned Company Judge and instead moved a civil miscellaneous application for review of the said order requiring furnishing the security, which was dismissed on 6-3-1985 for want of prosecution, as he did not appear in Court on that date. A D.S.P. of the F.I.A. was deputed to serve notice on him and ultimately non-bailable warrants were issued against him…

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