Banking Court III Karachi Summons Ali Murtaza Lakhani in Faysal Bank Recovery Suit

Banking Court No. III, Karachi, before Judge Mrs. Naushaba Kazi, has issued a summons to Ali Murtaza Lakhani, son of Dilawar Abbas Lakhani, in Suit No. 185 of 2026, filed by M/s Faysal Bank Limited for recovery of Rs. 445,877.98 in principal and markup under Section 9 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.

The defendant is summoned to obtain leave from the court within 30 days of service of the summons to appear and defend the suit, and to cause an appearance to be entered within that period. In default, after expiry of the 30-day period, the plaintiff may obtain a decree for a sum not exceeding Rs. 445,877.98, together with costs and such markup and cost of funds, if any, from the date of institution of the suit as the court may order.

Leave to appear may be sought through an application to the court supported by an affidavit or declaration showing a defence to the suit on its merits, or that it is reasonable to allow the defendant to appear in the suit.

The matter is fixed for December 3, 2026, at 9:00 a.m. before Banking Court No. III, Block No. 50, Pakistan Secretariat, near Passport Office, Saddar, Karachi. The summons was issued under the court's hand and seal on October 28, 2026, by order of the Reader, Banking Court No. III, Karachi.