G.N. Bajpai resigns from IL&FS’ new board1 min read 01 Nov 2018, 05:28 PM IST
G.N. Bajpai's resignation comes a day after IL&FS' new board submitted its tentative revival plan to NCLT
Mumbai/New Delhi: G.N. Bajpai, one of the seven directors of the government-nominated board set up to rescue debt-laden Infrastructure Leasing and Financial Services Ltd (IL&FS), has stepped down, citing personal reasons. Bajpai’s decision to step down comes a day after the newly constituted board of IL&FS submitted its tentative revival plan to the National Company Law Tribunal (NCLT).