 "Wilful defaulters owe Rs 66k cr to govt banks")
Banks are looking to intensify the drive to name and shame more wilful corporate defaulters.
This has come after the Supreme Court last month said a person had no right to be represented by a lawyer in in-house proceedings initiated by banks or financial institutions to declare him or her a wilful defaulter.
Recently, Kolkata-based public sector lender UCO Bank published the name of Yashovardhan Birla, along with his photograph, in newspapers as a wilful defaulter because of his firm Birla Surya failing to repay Rs 67.65 crore.
Birla is director of Birla Surya and chairman of
This has come after the Supreme Court last month said a person had no right to be represented by a lawyer in in-house proceedings initiated by banks or financial institutions to declare him or her a wilful defaulter.
Recently, Kolkata-based public sector lender UCO Bank published the name of Yashovardhan Birla, along with his photograph, in newspapers as a wilful defaulter because of his firm Birla Surya failing to repay Rs 67.65 crore.
Birla is director of Birla Surya and chairman of
