Searched for
WILFUL DEFAULT
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...- Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...
- Top 10 wilful defaulters owe Rs 40,635 crore to banks, ABG Shipyard leadsIn a troubling financial forecast, top wilful defaulters are on track to owe banks over Rs 40,000 crore by March 2025, with ABG Shipyard at...
- Finance Ministry says 2,664 unique borrowers classified as wilful defaulters at end-March 2024As of March 2024, there are 2,664 wilful defaulters in India, with a noticeable decline in new cases from 160 in FY 2021-22 to 42 in FY 202...
- RBI directs banks to provide all information to borrower on classifying them as wilful defaulterThe Reserve Bank of India (RBI) has instructed banks to issue show-cause notices to borrowers identified as wilful defaulters. The banks mu...
- Check for 'wilful default' in NPA accounts exceeding Rs 25 lakh: RBI to banksThe RBI released new guidelines for banks and NBFCs to tackle wilful defaulters, mandating scrutiny of accounts with outstanding debts of R...
- Hear out, show proof to borrowers suspected of 'wilful default': Bombay High CourtBombay High Court's ruling alters banks' handling of wilful default cases. Evidence provision mandated, transparency increased. Concerns ra...
- Banks should pass reasoned orders while declaring entity/person wilful defaulter, says Bombay HCThe bench was hearing a petition filed by Milind Patel, former joint managing director of IL&FS Financial Services Limited (IFIN), challeng...
- Lenders again move RBI on wilful defaulter tag for non-performing accountsBanks have again approached the Reserve Bank of India (RBI) to request an extension in the deadline for classifying non-performing accounts...
- 2,623 wilful defaulters owe Rs 1.96 lakh crore to banksAccording to information provided by the Reserve Bank of India (RBI), 2,623 unique borrowers who are classified as wilful defaulters. These...
- RBI proposes changes in wilful defaulter normsLarge defaulters are those that have an outstanding amount of Rs 1 crore and above. According to RBI data, there were about 16,000 cases of...
- RBI proposes changes in wilful defaulter normsThe Reserve Bank of India (RBI) has proposed tighter norms for the treatment of wilful defaulters, requiring banks and lenders to examine a...
- Wilful default is not always in the starsBank loans that go bad because of business failure have a mechanism for resolution that has helped them clean up their balance sheets. Wilf...
- HC interim stay on CIC orders to RBI on wilful defaulter listOn November 2 this year, the CIC had issued a show cause notice to Patel for "dishonouring" a Supreme Court judgement on disclosure of wilf...
- Name and shame: PSBs told to put wilful defaulters’ photos on websitesIn a directive issued to all staterun lenders on Tuesday, the ministry reiterated the guidelines issued by the Reserve Bank of India on pub...
- Wilful defaulters rise 1.7% till December, owe Rs 1.10 lakh crore to PSBs"The amount involved for PSBs is reported as Rs 1,10,050 crore," Minister of State for Finance Shiv Pratap Shukla said in a written reply i...
- India’s wilful defaulters owe more than Rs 1 lakh crore to banksWilful defaulters are those unwilling to pay despite having the capacity to do so. And the total dues they owe to India's banks are mind-nu...
- PSU banks register 1,624 FIRs against wilful defaultersWilful defaulters owe PSU banks a total of Rs 64,334.59 crore at the end of first half of the current fiscal.
- Sebi, RBI mull fund-raising restraint on wilful defaultersThe proposal has come against the backdrop of spiralling bad loans in the banking system, especially fuelled by increasing number of wilful...
- RBI suggests Sebi action against 'wilful' defaultersCurrently, the information about wilful defaulters of bank loans are shared with Sebi and others, including credit information agencies lik...
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