The government has moved the appellate tribunal NCLAT, against the order passed by the NCLT, in which it approved a Rs 900 crore resolution plan by Ashdan Properties for the debt-ridden Rolta India.
Challenging the approved resolution plan, the centre said only Rs 10 lakh of a token amount has been allocated for the government and the statutory authorities, whereas the Corporate Debtor (Rolta) owed a total sum of Rs 5,949.95 crore.
Against admitted government/statutory claims of Rs 179.19 crore, this allocation constitutes an illusory recovery of only 0.06 per cent, said the petition filed by Union of India through Department of Telecommunications (DoT), according to the petition filed by Shashank Bajpai, Central Government standing Counsel.
A claim of Rs 469.09 crore has been made by DoT against Rolta India, on account of the unpaid license fee for FY 2005-06 and 2006-07.
The Mumbai bench of the National Company Law Tribunal (NCLT) on December 15, 2025, approved a Rs 900 crore …