"Mahindra offers to resign from NACIL board"

On Monday, 21 February 2011, Anand Mahindra who is the vice-chairman of the Mahindra & Mahindra Ltd. offered to resign from the board of NACIL. NACIL which is run state-owned carrier Air-India, citing conflict of interest. NACIL means National Aviation Company of India Ltd. In letter to civil aviation minister Vayalar Ravi, he said that recently Aero-India 2011 which is held in Bangalore has terrified up business opportunity to Mahindra & Mahindra Ltd.  This opportunity was a potential conflict of interest and thereby throws up question of good board practice.