Amtek Auto board discusses debt issues; MD resigns

AmtekAuto’ s board on Friday discussed way store solve debt repayment issues as the components maker faced the likelihood of falling under Insolvency and Bankruptcy Code, going by Reserve Bank of India( RBI) guidelines. The company said its vice chairman and managing director John Ernest Flint ham and independent and non executivedirector SanjivBh as in have re signed with immediate effect citing“unavoidable circumstances”.