Bankruptcy court clears Ashdan Properties’ acquisition of military-focused Rolta India

The National Company Law Tribunal has approved Ashdan Properties' acquisition of Rolta India. Rolta India faced liabilities exceeding Rs 14,074 crore. Ashdan Properties proposed a Rs 900 crore revival plan. Secured lenders unanimously approved the plan. This marks a significant step in resolving Rolta India's insolvency proceedings.