Latest News | NCLT Orders Liquidation of Overnite Express – LatestLY
New Delhi, Sep 18 (PTI) The NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a…