Yash Birla named 'wilful defaulter' by UCO Bank

Notifying Yashovardhan Birla as a wilful defaulter, Kolkata-based lender UCO 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 a non-performing asset in 2013. Although the group has more than a dozen companies, most of the businesses are stressed and not in a position to repay creditors.

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