A flamboyant Indian industrialist is now chased by a bank his ancestor founded

Yashovardhan “Yash” Birla, a member of the Birla family and chairman of the Mumbai-based Yash Birla Group, was declared a wilful defaulter by the Kolkata-based UCO Bank, yesterday (June 16). The lender issued a public notice after Birla Surya, of which he is a director, failed to repay loans amounting to Rs67.65 crore (around $10 million). The borrower has not repaid the dues owed to the bank despite several notices,” UCO Bank said in its notice.