Supreme Court order opens way for naming more wilful corporate defaulters

Recently, Kolkata-based public sector lender UCO Bank published the name of Yashovardhan Birla as a wilful defaulter

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