Simbhaoli is in the thick of about Rs 100 crore bank loan fraud.
In a regulatory filing, the company informed that "Jag Mohan Seth, independent director, has given resignation from the directorship and ceased to be a director on the board of the company with effect from March 1, 2018."
Last month, the CBI registered a case against Simbhaoli Sugars, its Chairman Gurmit Singh Mann, Deputy Managing Director Gurpal Singh and others in connection with an alleged bank loan fraud of Rs 97.85 crore.
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