Ashdan Properties Private Limited has emerged as the frontrunner for the debt-laden Rolta India Limited (NSEI:ROLTA), beating unsolicited offers from Patanjali Ayurved Limited and Welspun Group's MGN Agro Properties Private Limited after multiple rounds of bidding and legal twists in the debt resolution of the defence-focused software company. Ashdan made a INR 8,500 million cash offer to creditors, beating bids by Patanjali and MGN, following which the committee of creditors (CoC) decided not to go ahead with another round of bidding, people familiar with the matter said. In February, the Mumbai bench of the National Company Law Tribunal (NCLT) had allowed lenders to seek rebids for Rolta following a plea by Baba Ramdev's Patanjali Ayurved to make an offer for the company after the deadline for submitting fresh bids lapsed.