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Debt-ridden Jaypee Infratech on Tuesday said its chief financial officer (CFO) Ram Bahadur Singh has resigned from the company on health grounds. In a filing to the BSE, Jaypee Infratech informed that Singh "who was the director and chief financial officer of the company has resigned due to deteriorating health since last six months, form the directorship as well as from the post of chief financial officer from the close of working hours on January 15, 2018". Jaypee Infratech has been taken over by an NCLT-appointed Insolvency Resolution Professional (IRP) for recovery of bad loans.
Several players have submitted an expression of interest (EOIs). Jaypee Infratech, which is into road construction and real estate business, has constructed the Yamuna Expressway, connecting Delhi and Agra.