Indian Premier League (IPL) Chairman Rajeev Shukla on Saturday resigned from the high-profile position in the wake of the raging spot-fixing scandal that has rocked Indian cricket, piling up pressure on N Srinivasan to follow suit.

A day before the emergency meeting of the working committee in Chennai, Shukla took the decision to quit saying that he felt it necessary to do so in the light of the recent developments.

"I have decided to quit as IPL chairman. It is a decision which I was pondering over for some time. I think it is time to step down," Shukla told PTI.