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Delhi Golf Club’s bank account frozen for non-payment of tax

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The New Delhi Municipal Corporation (NDMC) has frozen the bank account of the Delhi  Golf club for non-payment of property tax amount to Rs.769 crores approximately.

The club turned a deaf ear to the repeated reminders by NDMC to clear the outstanding tax payment after which the club’s account in RBL Bank was frozen.

An official member of NDMC claimed that at least six to seven legal notices were sent to the club to clear their dues which went unanswered. The most recent one was sent in November the previous year. As per the bylaws of the NDMC Act 1994, the council approached the club’s bank to recover Rs.269.24 crore but the bank soon sent a letter informing that their wasn’t enough balance in the account for payment.

A number of calls and messages to the office bearers of the Delhi Golf Club were also left unanswered. ” We sent them a final reminder last year before their bank account was attached. We informed the club the long pending dues, which have accumulated over several years. We gave them ample time to clear their dues but the administration was not ready to respond” said the NDMC official.

The Delhi Golf Club and NDMC have been involved in a long-standing legal battle over non-payment of taxation.(inputs from agencies)

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  • Shriya Katoch

    Stringent measures need to be taken against tax offenders .

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RBI penalty not to have any material impact: IDBI Bank

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IDBI is a state-run bank. IANS

State-run IDBI Bank on Thursday said a Rs 3 crore penalty imposed on it by the Reserve Bank of India (RBI) “will not have any material impact” on it. According to a BSE filing by IDBI Bank, the RBI imposed a Rs 3 crore penalty on it for non-compliance of ‘Income Recognition and Asset Classification’ (IRAC) norms.

Punjab National Bank's Mumbai branch is now under high scrutiny. Wikimedia Commons
RBI penalty will have little effects on banks. Wikimedia Commons

“This is to inform that the RBI vide letter dated April 10, 2018 has imposed a monetary penalty of Rs 30 million on the bank… for non-compliance with the directions issued by it on IRAC norms,” the filing made on Thursday said.

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“It is further clarified that the said penalty will not have any material impact on the bank.” IANS

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