BEFORE: Mr. Muhammad Saad Qureshi (Judge) Banking | Dawn Classifieds

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BEFORE: Mr. Muhammad Saad Qureshi (Judge) Banking Court No. III, Karachi, Block No. 54, Pakistan Secretariat, Near Passport Office, Saddar, Karachi. Suit No. 94 of 2017 Invest Capital Investment Bank Limited Office Suite Nos. A-603, 604, 6th Floor, Lakson Square Building No. 3 Sarwar Shaheed Road Karachi..... Plaintiff Versus 1. M/s Shad & Company (Defaulter), M-31, Corniche Residence Opposite Bilawal House Block-2, Clifton, Karachi. 2. Shad Muhammad Khan (Guarantor) S/o Ali Akbar Khan, R/o House No. 2/1 Clifton, KDA Scheme, Karachi. 3. Muhabbat Khan (Guarantor) S/o Ali Akbar Khan, R/o House No. 15/A, Unit 7, Latifabad, Hyderabad. 4. Haji Rehmat Khan (Guarantor) S/o Haji Nemat Khan. 5. Rehmat Khan Wardagh (Guarantor) S/o Nemat Khan, both R/o House No. 62/2, Street No. 1, Habibullah Colony Abbotabad. 6. Aftab Khan Wardah (Guarantor) S/o Rehmat Khan, R/o House No. E-1, 21/11, Malir, Karachi. 7. Muhammad Saqib (Guarantor) S/o Muhabbat Khan, R/o House No. II, Block-B, Latifabad, Hyderabad....Defendants To, The Above named Defendants Whereas the Plaintiff above named has instituted a suit against you under the financial Institutions (recovery of finances) ordinance 2001 for Rs: 60,038,534/- along with cost of suit and the cost of funds from the date of default till realization of the same for the sale of mortgaged property sale of the pledged assets and other relief etc balance of principle and markup due to him and you are summoned to obtain leave from the court within 30 days from the service hereof to appear and defend the suit, and within such time to cause an appearance to be entered for you. In default whereof the plaintiff will be entitled at any time after the expiration of such 30 days to obtain a decree for any sum not exceeding the sum of Rs: 60,038,534/- and sum of Rs: (Not Yet determined) for costs together with such markup and cost of fund if any from the date of institution of the suit as the court may order. Leave to appear may be obtained on an application to the Court supported by affidavit or declaration showing that there is a defence to the suit on the merits, or that it is reasonable that you should be allowed to appear in the suit. Matter is fixed on 27th day of September 2017 at 9:00 before the Banking Court-III, Karachi. Given under my hand and seal of the court this 18th day of August 2017. By Order Reader Banking Court No. III Karachi.

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