Industrialist Yash Birla gets SBI notice for non-payment of Rs 17.80 cr loan
14 April 2017 12:14 PM IST
Besides Birla, bank has sent notice to P V R Murthy, another director of Birla Cotsyn.
The defaulter borrowers (Birla and Murthy) are notified to pay their dues to the bank within fifteen days from the date of publication of this notice.
Mumbai: State Bank of India today sent notice to two directors of Birla Cotsyn, including Yash Birla, to repay Rs 17.80 crore debt and warned of legal actions if they failed to do so.
Besides Birla, the notice has been issued to another director P V R Murthy.
"The defaulter borrowers (Birla and Murthy) are notified to pay their dues to the bank within fifteen days from the date of publication of this notice failing which further appropriate legal actions will be initiated against them at their cost," the bank said in a public notice.
The company owes Rs 17.80 crore as on March 31, 2017.
( Source : PTI )
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