Yashovardhan Birla has been declared a wilful defaulter by UCO Bank for non-repayment of Rs 67 crore by Birla Surya Limited - one of the companies in his group. Notifying him as a wilful defaulter, the bank said the company had a credit limit of Rs 100 crore, of which Rs 67 crore plus interest was due. The loan was classified as non-performing asset in 2013.
from Times of India http://bit.ly/2FpnFFR
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