M/s Bank of Punjab v. Siddiq Corporation — Banking Court No. V Summons (Karachi)

M/s Bank of Punjab has instituted Suit No. 128 of 2026 in Banking Court No. V, Karachi, seeking recovery of Rs. 13,535,666.10 with liquidated damages, cost of funds and costs under Section 9 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.

The defendants named include Siddiq Corporation and individuals Wasif Siddique and Nasreen Siddique with addresses in Karachi. They are summoned to appear at Banking Court No. V, Karachi at 8:30 AM and are required to apply for leave to defend within thirty (30) days from service. The application for leave to defend must be a written statement summarizing the substantial questions of law and fact as required by Section 10 of the Ordinance. Dated 14 July 2025.