GN Bajpai resigns from new govt-appointed IL&FS board
GN Bajpai has resigned from the board of debt-ridden Infrastructure Leasing & Financial Services (IL&FS) citing personal reasons. He was one of the seven directors appointed recently on the company's board by the government. The former SEBI Chairman's resignation comes a day after IL&FS' new board submitted its tentative revival plan to the National Company Law Tribunal (NCLT).