Ashok Lavasa has submitted his resignation from the post of election commissioner to President Ram Nath Kovind.
Lavasa, who was next in line to head the poll panel, resigned in order to join Asian Development Bank (ADB) as vice-president next month.
Last month, the Manila-based ADB had announced Lavasa’s appointment in the bank as vice-president. He will become part of the ADB's top management that his headed by the President and six vice-presidents by replacing Diwakar Gupta.
Lavasa's exit from the panel puts his colleague Sushil Chandra next in the line for the post of the chief election commissioner.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
2024 Lok Sabha Elections | Will Amethi and Rae Bareli see the rise of Priyanka Gandhi as a dominant political figure
May 18, 2024 8:59 AM
Lok Sabha Election 2024: I.N.D.I.A. bloc to hold rally at Mumbai's BKC today
May 17, 2024 5:18 PM
In Ayodhya, voters talk of a promise fulfilled and yearning for development
May 17, 2024 2:10 PM
Fight of heavyweights in Sambalpur where farmers, weavers hold the key
May 17, 2024 12:25 PM