Banking Court III Karachi Summons in OLP Financial Services Recovery Suit No. 186 of 2026
Notice advertisement published in Dawn on Saturday, 31 October 2026, listed under Karachi.
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Banking Court No. III at Karachi, before Judge Mrs. Naushaba Kazi, has issued summons in Suit No. 186 of 2026, filed by OLP Financial Services Pakistan Limited against Fayaz Khan and Sohail Khan for recovery of Rs. 7,439,238 in principal and markup under Section 9 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.
The plaintiff, OLP Financial Services Pakistan Limited, is a public limited company incorporated under the Companies Ordinance, 1984, with its registered office at Plot No. 16, Sector 24, Korangi Industrial Area, Karachi.
| Defendant | Particulars and Addresses |
|---|---|
| Fayaz Khan, son of Habib Ul Ghani | Muslim, adult; resident of House No. 16-B-1, Mian Khayaban-e-Bahria, Phase 7, DHA, Karachi. Address according to CNIC: House No. B-52, Street No. 6, Muhallah Purana Navy Gate, Upper Gizri, Karachi. Additional address: Post Office Showa, Kaga Wala, Tehsil Adan Zai, District Lower Dir. |
| Sohail Khan, son of Abdullah Jan | Muslim, adult; resident of House No. A-2, 1726/4821, Street No. 09, Hazara Chowk, Afridi Colony, Baldia, Karachi. |
The defendants are summoned to obtain leave from the court to appear and defend the suit within 30 days of service of the summons and to arrange for an appearance to be entered within that period. In default, after expiry of the 30 days, the plaintiff will be entitled to obtain a decree for a sum not exceeding Rs. 7,439,238, together with costs, markup and cost of funds from the date of institution of the suit, as the court may order.
Leave to appear may be obtained by submitting an application to the court supported by an affidavit or declaration showing a defence to the suit on its merits or grounds on which it is reasonable to allow the defendant to appear.
The matter is fixed for 3 December 2026 at 9:00 a.m. before Banking Court No. III, Karachi, at Block No. 50, Pakistan Secretariat, near the Passport Office, Saddar, Karachi.
The summons was issued under the hand and seal of the court on 28 October 2026, by order of the Reader, Banking Court No. III, Karachi.
Published in Dawn on Saturday, 31 October 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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