TVS Supply Chain Resolves Payment Dispute with ZTE India

TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India and withdrawn its appeal before the National Company Law Appellate Tribunal (NCLAT).

The appeal had challenged an earlier order rejecting insolvency proceedings against the telecom gear manufacturer. Earlier this week, counsel for TVS Supply Chain informed the tribunal about the settlement and requested permission to withdraw the case.

A two-member bench comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra allowed the withdrawal of the plea.