Current Affairs - Persons - Discussion

Chairman of the Yash Birla group, Yashovardhan Birla, also known as Yash Birla, has declared a 'wilful defaulter' by Kolkata-based UCO Bank. UCO Bank claimed that one of Yashovardhan's group companies, Birla Surya, defaulted on loans of Rs 67.65 crore. As per the UCO bank's statement given to the media, Yash Birla was sent several notices regarding the repayment of the loan. His company was given a credit limit of Rs. 1 billion to manufacture multi-crystalline solar photovoltaic cells.