Defaulter definition

Defaulter means any person who owes arrears to the Municipality;
Defaulter means a customer who owes arrears to the municipality;
Defaulter means a participant who is the subject of any default proceedings;

Examples of Defaulter in a sentence

  • When a report under this section is received by the Regulator, it shall publish notice of that fact in such manner as it thinks appropriate for bringing the report to the attention of creditors and debtors of the Defaulter.

  • The Recognised Body or Remote Body shall supply a copy of every report under this section to the Defaulter and to any Relevant Office-Holder acting in relation to him or his estate.

  • If an FXCCM is declared a Defaulter, the Clearing House will not register any ForexClear Contract in the name of such Defaulter (except pursuant to the Default Rules).

  • If the Court is satisfied on an application by a Relevant Office-Holder that a party to a Market Contract with a Defaulter intends to dissipate or apply his assets so as to prevent the Relevant Office-Holder recovering such sums as may become due upon the completion of the Default Proceedings, the Court may grant such interlocutory relief as it thinks fit.

  • We further confirm that none of our companies/promoters/directors appear in RBI Caution List, RBI Wilful Defaulter List (Suit filed as well as non-suit filed), Credit Information Bureau India Ltd.


More Definitions of Defaulter

Defaulter means the person and in the case of a company or firm every director or partner of the company or, as the case may be of the firm and of which he is a director or a partner of proprietor, and includes the guarantor who fails to pay outstanding arrears.]
Defaulter means a Customer whose account is in arrears;
Defaulter means a customer who owes arrears;
Defaulter means a customer who owes money to the Municipality after the due date for payment has expired;
Defaulter means a person who owes money to municipality after the due date has expired.
Defaulter means any customer in arrears.
Defaulter means a person and, in the case of a company or firm, every director of the company or partner of the firm and includes guarantors or successors, who fail to pay the arrears of tax under this Act and the rules;