IDBI Bank Limited has withdrawn nomination of Mr. Sanjiv Kumar Sachdev from the Board of Directors of the Company with effect from 17th September 2018 and that the said withdrawal and consequent resignation by Mr. Sanjiv Kumar Sachdev shall be placed for acceptance in the next meeting of Committee of Creditors. Dated 17th November 2018 regarding updates on the fourth meeting of Committee of Creditors. In this connection, the company informed that the Committee of Creditors vide resolution passed through e-voting has: approved/accepted the resignation tendered by Mr. Sanjiv Kumar Sachdev.