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NCLAT rejects telecom dept's plea in Rolta insolvency, upholds ₹900-crore resolution plan
The ruling clears the way for successful bidder Ashdan Properties to take over the bankrupt tech firm, leaving government authorities to recover just 0.06% of their statutory dues.
Pulse Bharat · Why it matters
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The ruling affects the government authorities, who will now recover only a small portion of their dues from the bankrupt tech firm Rolta.