Defaulter

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Defaulter - Total results - 8
Income tax dept to block PAN, LPG subsidy of defaulters
Business

Income tax dept to block PAN, LPG subsidy of defaulters

In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and take measures to ensure that they are not sanctioned loans.

Parliamentary panel had rapped Mallya's UB four decades ago for illegal import of hops
India

Parliamentary panel had rapped Mallya's UB four decades ago for illegal import of hops

Parliamentary panel had rapped Vijay Mallya four decades ago for illegally importing Australian hops.

Kingfisher crisis: Management lessons on how Mallya could have cut his losses
Corporate

Kingfisher crisis: Management lessons on how Mallya could have cut his losses

In the not-so-pleasant scenario that Kingfisher Airline's Vijay Mallya finds himself in now, the detractors and nay sayers are many. And justifiably so. Owing Rs 7,000 crore to 17 banks is not loose change. From being the most sought after CEO, with the chatterati and glitterati vying with one another for a photo opportunity or an invite to his famous yacht parties, Mallya is now the pariah that no one wants to be associated with.<br />

SpiceJet, Jet Airways run into audit red-flags over 'going concern' status
Corporate

SpiceJet, Jet Airways run into audit red-flags over 'going concern' status

Typically, a company is known as a 'going concern' if it has sufficient resources to continue to operate indefinitely and to avoid any potential bankruptcy risks.<br />

Andhra loan waiver: Why Raghuram Rajan should win battle against populism
Finance

Andhra loan waiver: Why Raghuram Rajan should win battle against populism

More than managing the complexity of a financial system, the biggest challenge of a central banker is to fight politically sponsored populist ideas being rolled out by incumbents time to time to appease their vote bank.

BMC attaches Munde, Ajit Pawar's flats for non-payment of tax
Mumbai

BMC attaches Munde, Ajit Pawar's flats for non-payment of tax

According to data provided by the Assessor and Collector department of the BMC, the total outstanding property tax dues from Shubhada society is Rs 11.94 crore while Sukhada society is yet to pay up Rs 4.42 crore, sums incurred from April 2006 to March 2014.

Publishing photos of loan defaulters, guarantors legally impermissible
Business

Publishing photos of loan defaulters, guarantors legally impermissible

The court restrained secured creditors by a prohibitory order from taking such recourse as it held that the threat to publish photographs borders on extra-legal means to recover the dues.