Saturday, December 06, 2025 | 04:28 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Banks to intensify drive to publish names of corporate willful defaulters

Recently, Kolkata-based public sector lender UCO Bank published the name of Yashovardhan Birla along with his photograph, in newspapers

corporate willful defaulters
premium

Namrata Acharya Kolkata
Banks are looking to intensify the drive to name and shame corporate willful defaulters in the days to come. The development comes after the Supreme Court last month held that a person has no right to be represented by a lawyer in in-house proceedings initiated by banks or financial institutions to declare him willful defaulter for non-payment of dues.

Recently, Kolkata-based public sector lender UCO Bank published the name of Yashovardhan Birla along with his photograph, in newspapers, as a willful defaulter for failing to pay a debt of Rs 67.65 crore taken by Birla Surya Ltd. Yashovardhan Birla is