One more independent director of Jaypee Infratech resigns
Debt-ridden Jaypee Infratech, which is facing insolvency proceedings, on Wednesday said that its independent director Lalit Bhasin has resigned from the board. In a filing to the BSE, the company informed that it has received intimation dated September 12 from Lalit Bhasin, Independent Director, conveying his resignation from the Board with immediate effect for personal reasons and other commitments. The Interim Resolution Professional (IRP) will place his resignation for acceptance in the next meeting of the Committee of Creditors. Earlier this week, the company's two directors - - Keshav Prasad Rau and Basant Kumar Goswami had resigned. While Rau had cited personal reasons for the resignation, Goswami resigned because of his growing age and indifferent health. The National Company Law Tribunal (NCLT) had last year admitted the application by an IDBI Bank-led consortium, seeking resolution for Jaypee Infratech under the Insolvency and Bankruptcy Code.
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