Prashant Kumar has officially resigned from his positions as Chief Financial Officer (CFO) and President (Accounts and Finance) of Ansal Properties and Infrastructure Limited (APIL), with the resignation taking effect from April 4, 2025. This decision, initially under consideration, was formally accepted during the second Meeting of the Committee of Creditors (COC) of APIL, held on Friday, April 11, 2025.
In his resignation letter addressed to interim resolution professional (IRP) Navneet Kumar Gupta, Kumar detailed his reasons for stepping down. He cited the recent decisions regarding the reduction in salaries of key management personnel (KMPs), including himself, and the non-disbursement of his salary since February…
