Khosla II was the inhabited second planet in its star system. This was the place of residence of the Ferengi entrepreneur Plegg, who was largely credited with the invention of holosuite technology, in the late 24th century.
In 2370, Odo informed Quark of Plegg's whereabouts when Quark attempted to defraud customers into buying counterfeit desiccation discs allegedly containing Plegg's remains. (DS9: "The Alternate")
Background information Edit
According to the script, the pronunciation for Khosla was "KOH-slah". 
The Star Trek Encyclopedia (4th ed., vol. 1, p. 416) misspelled the planet's name as Kholfa II. This spelling would appear in the Star Trek: Star Charts.
According to the Star Trek: Star Charts ("United Federation of Planets I"), the Kholfa system was located in the Alpha Quadrant. The primary was M class.
StarTrek.com named the primary of Khosla II's system as Khosla and located this star in the Beta Quadrant.