Jaiprakash Associates' Chief Financial Officer Rahul Kumar has quit the company due to "personal reasons". In a June 19 notice to the BSE, the Manoj Gaur-led company said Kumar had also quit as whole-time director of the company and July 31 will be his last day in office.
Kumar is a veteran of the Delhi-based debt-laden group that has interests in power, cement, roads, hotels and engineering, procurement and construction.
Group company Jaypee Infratech, in which Jaiprakash Associates has a 71.64 percent stake, is one of the 12 companies selected by the Reserve Bank of India against which Insolvency and Bankruptcy Code would be applied by banks.
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