Finance IL&FS Investment Managers non-executive director resigns from board Updated : October 19, 2018 06:28 PM IST This is in continuation to a spate of resignations of the board of directors from IL&FS and its group firms ever since the loan defaults started arising nearly a month ago. Independent directors of IL&FS Financial Services - Renu Challu, Surinder Singh Kohli, Shubhalakshmi Panse and Uday Ved have earlier stepped down. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.