Which of the following entities can be declared as wilful defaulter by a bank ........

Indian Economy (Easy) Money and banking

Which of the following entities can be declared as wilful defaulter by a bank?

A company that has diverted funds for purposes other than for which it was borrowed.

A person who has sold the assets bought by the lender's fund without informing the bank.

A person has defaulted in meeting its payment/repayment obligations to the lender even when it has the capacity to pay.

All of the Above

All the statements are correct.
According to the RBI, a wilful default is deemed to have occurred in any of the following four circumstances:

The unit has defaulted in meeting its payment/repayment obligations to the lender even when it has the capacity to honour the said obligations.
The unit has defaulted in meeting its payment/repayment obligations to the lender and has not utilized the finance from the lender for the specific purposes for which finance was availed of but has diverted the funds for other purposes.
The unit has defaulted in meeting its payment / repayment obligations to the lender and has siphoned off the funds so that the funds have not been utilised for the specific purpose for which finance was availed of, nor are the funds available with the unit in the form of other assets.
The unit has defaulted in meeting its payment / repayment obligations to the lender and has also disposed off or removed the movable fixed assets or immovable property given for the purpose of securing a term loan without the knowledge of the bank / lender (or the asset bought by the lenders’ funds have been sold off without the knowledge of the bank/lender.)