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  Business   Companies  14 Apr 2017  SBI sends recovery notice to Yash Birla's firm

SBI sends recovery notice to Yash Birla's firm

PTI
Published : Apr 14, 2017, 12:16 pm IST
Updated : Apr 14, 2017, 1:10 pm IST

Defaulter borrowers are notified to pay their dues to the bank within fifteen days from the date of publication of this notice.

The company owes Rs 17.80 crore as on March 31, 2017.
 The company owes Rs 17.80 crore as on March 31, 2017.

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.

Tags: sbi, yash birla's firm, debt
Location: India, Maharashtra, Mumbai (Bombay)