Ashdan Properties Private Limited proposed to acquire Indo Global Soft Solutions And Technologies Private Limited from Union Bank of India (NSEI:UNIONBANK), JCF ARC LLC, Sammaan Capital Limited (NSEI:SAMMAANCAP) and others for INR 1.5 billion on December 2, 2025. The approved financial proposal outlines the following settlement for admitted claims: Secured Financial Creditors (Admitted: INR 172.46 Crore): To receive INR 130 crore. Union Bank of India is the sole secured creditor; Unsecured Financial Creditors (Admitted: INR 690.78 Crore): To receive INR 15.12 crore. This includes JCF ARC and Samman Capital Limited; Operational Creditors (Admitted: INR 19.87 Crore): To receive INR 12 lakh on a pro-rata basis; Other Creditors (Admitted: INR 12 Crore To receive INR 2 lakh on a pro-rata basis; and CIRP Costs: To be paid in full, primarily from the corporate debtor?s cash balance or the financial creditors? payment. The National Company Law Tribunal (NCLT), Mumbai Bench has approved the transaction.

Ashdan Properties Private Limited completed the acquisition of Indo Global Soft Solutions And Technologies Private Limited from Union Bank of India (NSEI:UNIONBANK), JCF ARC LLC, Sammaan Capital Limited (NSEI:SAMMAANCAP) and others on January 19, 2026. Ashish Parwani and Dikshat Mehra of Rajani Associates acted as legal advisors to Ashdan Properties in the transaction.