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Last two directors on Jet Airways board step down
short by Shruti Maria Mahendar / on Tuesday, 18 June, 2019
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.