G N Bajpai resigns from IL&FS board

On October 3, the government had set up a seven-member team to replace the earlier board of IL&FS with Bajpai as one of its members and chaired by noted banker Uday Kotak. However, soon after Bajpai’s appointment, proxy advisory firms had red-flagged the government’s decision citing conflict of interest during his association with Kingfisher Airlines.

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