Last two directors on Jet Airways board step down

Jet Airways on Tuesday said Ashok Chawla and Sharad Sharma, the last two directors on its board, have resigned. The independent directors quit due to the board's non-compliance with provisions of the Companies Act, non-appointment of additional directors and the halt in the process of bank-led resolution plan. Jet's lenders have moved NCLT to initiate insolvency proceedings against the airline.

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