GN Bajpai resigns from govt-appointed IL&FS board, cites 'personal reasons'

Debt-ridden Infrastructure Leasing & Financial Services (IL&FS) Thursday said GN Bajpai has resigned from the company's newly-appointed board, citing personal reasons. 

His resignation will be effective October 30.

Bajpai, an ex-Sebi chairman, was one of the seven directors appointed on the company's board by the government following NCLT order to supersede previous board. 

"The company has been intimated by the ministry of corporate affairs, vide its letter dated October 30, 2018, that due to personal reasons, GN Bajpai, director of IL&FS, has resigned from the board of directors of the company with effect from October 30, 2018," the firm said