Acting Chief Finance Officer, Eamonn Croston, said: "The
write-off figures demonstrate how important it is for everyone to pay their share of council tax, business rates and other charges to help fund essential council services.
The couple had
write-off Rs372 million from Habib Bank Limited, Rs7.97 million from Industrial Development Bank, and Rs268 million from Muslim Commercial Bank.
Additional Attorney General Chaudhry Amir Rehman told the bench that 223 cases of
write-off loans were suspicious.
A
write-off is an accidentdamaged vehicle that an insurer determines is either beyond repair to expensive to fix.
"
write-off agreements, medical service providers write off a
Banks and the RBI have often stated that these
write-offs are just technical in nature and an exercise to clean up the balance sheets.
"It is incredible that so many people still don't realise it is legal for certain
write-offs to return to the road.
"Whatever the explanation, they are clearly doing something right in Glasgow and Edinburgh, where the risk of buying a
write-off is 10 per cent lower than in London or Birmingham.
States have taken varying approaches in applying the collateral source rule to Medicare
write-offs. (19) Some jurisdictions apply the collateral source rule in cases where an injured party was compensated through Medicare payments and a
write-off was received, thus entitling the injured party to double recovery.