Defaulter

According to the RBI’s Master Circular on wilful defaulters, once the bank declares a borrower wilful defaulter, no additional funding facility should be granted by any bank to the listed wilful defaulter.

In a nutshell, Guyanese have a word that covers such situation: he is a man (the defaulter) without principle.

Officials from the Central Bank have indicated that Mohsin’s activities align with these guidelines, categorizing him as a willful defaulter.

Just like they were when they thought a perennial defaulter could afford to service the Fund’s record $56 billion loan to the former government of Mauricio Macri.

So far Karvy has not been declared as a ‘defaulter’ by the NSE.

The SCAs, through LFAR, should examine and comment upon recovery from all the written-off accounts during the financial year; and the system of identifying and reporting of the wilful defaulter.

He has sung tracks like “Defaulter,” and “Struggler”.

Several banks of the consortium have already declared the company a wilful defaulter.

The Bank of India has Gupta Coal (Rs 715 crore) as a wilful defaulter.

The concept of willful defaulter is a distinction without a difference, liquidation is the worst possible bankruptcy outcome, and flexible deadlines guarantee poor outcomes.

The one-day default rule on term loans is important as it mandates that a borrower who misses repayment even for a day be treated as a ‘defaulter’.

Congress and other opposition parties latched onto Mallya’s statement to question the government about the circumstances in which the defaulter businessmen fled the country.

Nwosu, however, said the national library had not charged any defaulter to court, but would continue to sensitise and persuade publishers and MDAs, who were the major defaulters, to comply with the law.

Some say John Mahama's involvement in a loan repayment agreement between Merchant Bank and his brother's company eventually stopped the bank from going after a defaulter.

After 1516 Holbein was declared a tax defaulter in Augsburg, which forced him to accept commissions abroad.