 "Banks eye control of Jaiprakash Associates in debt-for-equity swap: Sources")
Debt-ridden Jaiprakash Associates on Saturday informed that its Managing Director (Cement) Sunny Gaur has resigned from the company.
The board of directors has accepted the resignation tendered by Gaur citing personal reasons, said Jaiprakash Associates in a regulatory update.
"The Board of Directors has, by a resolution passed through circulation on July 4, 2020, accepted the resignation of Sunny Gaur as tendered by him due to certain personal reasons, from the office of Director/Whole-time Director designated as Managing Director (Cement), with effect from the date of passing of the Resolution," it said.
