Defaulters

  • Deserter IAF Wing Commander caught trying to cross over to Pakistan Yesterday

    Jaipur: Indian Air Force Wing Commander Shashank Shekhar, who has been declared a deserter by force, has been caught by the Border Security Force (BSF) near Indo-Pak border in Rajasthan's Anoopgarh while allegedly trying to cross the border. Shekhar, who hails from Ambala City, had hidden some documents and his...
  • United Bank of India declares Vijay Mallya as wilful defaulter Yesterday

    New Delhi: State-run United Bank of India on Monday became the first lender to declare debt-ridden Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulters. "We have declared Vijay Mallya and three other directors of Kingfisher Airlines as wilful defaulters," United Bank of India Executive Director Deepak Narang told PTI. The...
  • Mumbai: Bal Thackeray, Sachin Tendulkar among water bill defaulters January 29, 2014

    Late Shiv Sena patriarch Bal Thackeray, cricket legend Sachin Tendulkar and SP leader Abu Azmi are among the two lakh water bill defaulters in Mumbai. The Brihanmumbai Municipal Corporation (BMC), which recently made public the list of defaulters on its website, has named several biggies including former Maharashtra Chief Minister A...
  • SC tells Sahara not to sell property, its directors not to leave India November 21, 2013

    New Delhi: The Supreme Court has restrained directors of Sahara group of companies from leaving the country. The apex court has also restrained Sahara group from selling any property. The order was passed after the court ruled out that Sahara has not complied with SC directions to furnish title deeds of...
  • Defaulters have not paid Rs 121.8 crore as penalty: SEBI October 20, 2013

    New Delhi: Securities market regulator SEBI has told a Parliamentary panel that prosecution proceedings initiated by it against defaulters have not proved to be an effective deterrent due to "delays" associated with the criminal justice system of the country. It also said that defaulters are yet to cough up Rs 121...
  • Player defaulted, forced to forefeit match after hitting line judge August 2, 2013

    Washington: Russia's Olga Puchkova was defaulted from her match at the Citi Open on Thursday after hitting a line judge in the knee with a ball after losing a point. Puchkova was then forced to forfeit against Paula Ormaechea of Argentina while trailing 3-6, 6-3, 4-1 in their second-round match. Puchkova...
  • Efforts to list out cross-border payment defaulters April 3, 2013

    Poonch: Indian authorities will exchange with their PoK counterparts a list of defaulters on both sides, who have not cleared due payments to the parties in course of their cross LoC trade transactions. A decision to this effect was taken on Tuesday during a meeting between Additional District Development Commissioner...
  • What about loan recovery from others? Mallya asks bank chiefs March 20, 2013

    Mumbai: What about loan recovery from those other than Kingfisher?, wondered its promoter Vijay Mallya while taking a dig at bank chiefs in his tweet for their "constant speak" to media on getting back dues from the grounded airline. "I seriously wonder what motivates the bank chairmen to constantly speak to...
  • Govt proposes compliance scheme for service tax defaulters February 28, 2013

    New Delhi: Aiming to "entice" a large number of assessees to return to the tax fold, the government proposed a one-time scheme called 'Voluntary Compliance Encouragement Scheme' for service tax defaulters. A defaulter may avail of the scheme on the condition that he files a truthful declaration of service tax...
  • HSBC to pay fine for not removing man from defaulters list February 17, 2013

    New Delhi: The Hongkong and Shanghai Banking Corporation (HSBC) Ltd has been directed by a consumer forum to pay Rs 25,000 as compensation to one of its former credit card holders for not getting his name removed from a defaulters list even after he cleared all his dues. The New...
  • Maharashtra: Bank attaches school for loan default July 13, 2012

    Nashik: The fate of around 600 secondary and higher secondary school students hangs in balance after a bank attached the school building and premises for defaulting on a loan repayment, an official said. Owned by Anand Education Society (AES), a family trust owned by Nationalist Congress Party politician and former parliamentarian...
  • Bangalore: Tax evaders face the music September 29, 2011

    New Delhi: Bangalore's civic body has come up with an innovative way to embarrass and force tax defaulters to cough up money they rightly owe the agency. Bangalore's civic body BBMP is sending drummers to embarrass those who haven't paid property tax. The owner of a shopping complex in Malleshwaram with...
  • Hasan Ali stashed $ 800 mn in foreign banks: ED July 18, 2011

    Mumbai: Hasan Ali Khan, arrested for alleged money laundering, has stashed $ 800 million in banks in countries like the US, Switzerland and Singapore and has links with officials of these banks, the Enforcement Directorate told the Bombay High Court on Monday. Justice A M Thipsay was hearing a bail application...
  • Rs 600 cr tax evasion in Jammu and Kashmir July 17, 2011

    New Delhi: RTI group Sangrash on Saturday filed a writ petition in the state High Court over the the RTI on the Rs 600 crore tax evasion in Jammu and Kashmir. The petition has been treated as a Public Interest Litigation (PIL) and a division bench will hear the...
  • I-T dept to publish, expose names of defaulters May 30, 2011

    New Delhi: Tax defaulters beware! With tax recovery to the tune of more than Rs 1 lakh crore held up for lack of information about the whereabouts of defaulters, the Income Tax(I-T) department is working on plans to publish their names in newspapers. The problem has been further compounded with several...
  • Court allows ED to question Hasan Ali for 3 days April 30, 2011

    Mumbai: A special court on Saturday allowed the Enforcement Directorate (ED) to question Pune stud farm owner Hasan Ali Khan, accused of stashing away billions of dollars in overseas accounts, for three days even as he filed a fresh bail plea in the same court. ED told the court hearing Prevention...
  • ED grill Puducherry LG in Hasan Ali case April 25, 2011

    Puducherry: Enforcement Directorate on Monday began questioning Puducherry Lt Governor Iqbal Singh over his recommendation for issuing passport expeditiously to Hasan Ali Khan, facing money laundering and tax evasion charges. Official sources said the four-member team from Mumbai began questioning Singh at Raj Nivas, five days after an ED team from...
  • Hasan Ali case: ED to quiz Puducherry LG April 19, 2011

    New Delhi: Puducherry Lieutenant Governor Iqbal Singh can be questioned by the Enforcement Directorate over his alleged links with tax defaulter Hasan Ali Khan. The Prime Minister's Office gave its permission to the Enforcement Directorate (ED) to question Singh. Sources said the clearance was given when the file seeking such permission...
  • Was ED sleeping on black money case, asks SC March 28, 2011

    New Delhi: The Supreme Court on Monday came down heavily on the Enforcement Directorate (ED) asking if the department was sleeping since 2008 on the black money case. After seeing the ED status report on black money investigation, the two-judge bench of Justice B Sudarshan Reddy and Justice SS Nijjar observed:...
  • Tapuriah operated Hasan Ali's Swiss account March 25, 2011

    Multi crore tax evader Hasan Ali's friend and associate Kashinath Tapuriah was arrested on Thursday by the enforcement directorate. Sources tell CNN-IBN Tapuriah operated Ali's Swiss account. ...
  • Cop suspended over Hasan Ali video March 22, 2011

    Mumbai: A new turn in the Hasan Ali tax default case, Mumbai DCP is suspended for making a controversial CD on the alleged multi-crore tax defaulter. Maharashtra Home minister RR Patil also informed the house that Deshbhratar asked for 1 crore rupees from Hasan's associate Yusuf Lakdawala when Hasan Ali...
  • Hasan Ali's income multiplied in 6 years: CAG March 18, 2011

    New Delhi: Income of Pune-based stud farm owner Hasan Ali Khan multiplied by over 100 times in six years from Rs 529 crore to Rs 54,268 crore in 2006-07, reveals CAG report tabled in Parliament on Friday. Khan, who is presently in custody of the Enforcement Directorate, has not filed returns...
  • Has the ED let off tax defaulter Hasan Ali? March 11, 2011

    Billionaire tax defaulter Hasan Ali Khan was given bail by a Mumbai court on Friday dealing a huge blow to the Enforcement Directorate. ...
  • Blow to ED as tax evader Hasan Ali gets bail March 11, 2011

    Mumbai: Billionaire tax defaulter Hasan Ali Khan was given bail by a Mumbai court on Friday dealing a huge blow to the Enforcement Directorate (ED). The Pune-based real estate agent and stud farm owner was arrested on Monday. Hasan Ali Khan is allegedly India's biggest black money hoarder and he is...
  • Hasan Ali granted bail on a surety of Rs 75k March 11, 2011

    The court said it's difficult to ascertain if the documents relied by ED are genuine. ...
  • ED readies to nail tax defaulter Hasan Ali today March 11, 2011

    Mumbai: A sessions court is likely to decide on Friday whether to extend the remand of India's top known tax evader Hasan Ali Khan in the black money investigation case. Hasan Ali has been charged with laundering black money to tax havens overseas. The Enforcement Directorate has asked for a 14-day extension,...
  • Finally, ED acts, takes Hasan Ali into custody March 8, 2011

    Mumbai: Under investigation for black money and multiple accounts in tax havens for four years now, Hasan Ali Khan, India's top tax defaulter is finally behind bars. Hasan Ali will spend atleast the next 24 hours in the Enforcement Directorate's (ED) custody. Accompanied by an ED official, the billionaire defaulter was...
  • SC asks why POTA can't be invoked against Ali March 8, 2011

    New Delhi: The Supreme Court came down hard on the Central Government over the black money issue and the case of top tax defaulter Hasan Ali. The court on Tuesday asked the Government why Ali, who has been accused of massive money laundering, tax evasion, for having links with arm...
  • ED detains Hasan Ali, grills close aides March 7, 2011

    New Delhi: Tax defaulter Hasan Ali, accused of stashing black money abroad, has been detained in Pune by Enforcement Directorate officials. He was detained on Monday after a 14-member Enforcement Directorate team visited Ali's house in Pune to ascertain his whereabouts. The team also questioned Ali's Personal Assistant and a...
  • Dubai World to face struggle to keep crown jewels December 1, 2009

    Dubai: Dubai World is looking to hold on to key revenue-generating assets including port operator DP World and its stake in Standard Chartered, but creditors may yet force it to part ways with prized entities. The troubled state-controlled conglomerate on Monday shed some light on how it planned to restructure $26...