Banking Court No. I Karachi Summons: OLP Financial Services vs Sultan Packages, Suit No. 180 of 2026

Banking Court No. I, Karachi, presided over by Judge Mr. Muhammad Saad Qureshi, has issued summons to the defendants in Suit No. 180 of 2026, OLP Financial Services Pakistan Limited versus M/s Sultan Packages and others. The court is located at Block No. 55, Pakistan Secretariat, near Passport Office, Saddar, Karachi.

The plaintiff, OLP Financial Services Pakistan Limited, formerly ORIX Leasing Pakistan Limited, is a financial institution with its office at OLP Building, Plot No. 16, Sector 24, Korangi Industrial Area, Karachi. It is represented through its constituted attorney, Mr. Hamid Muhammad Khan.

The five individual defendants are identified as Muslim adults. The plaintiff has instituted a mortgage suit under the Financial Institutions (Recovery of Finances) Ordinance, 2001, together with other enabling provisions, for recovery of Rs. 5,652,421 in outstanding principal and markup.

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 have an appearance entered within that period. An application for leave to appear must be supported by an affidavit or declaration showing a defence to the suit on its merits, or grounds establishing that it is reasonable to allow the applicant to appear.

In default, after the expiry of the 30-day period, the plaintiff will be entitled to obtain a decree for a sum not exceeding Rs. 5,652,421, together with costs in an amount yet to be determined and such markup and cost of funds, if any, from the date of institution of the suit as the court may order.

The matter is fixed for December 9, 2026, at 9:00 a.m. before Banking Court No. I, Karachi. The summons was issued under the hand and seal of the court on November 7, 2026, by order of the Reader, Banking Court No. I, Karachi.