TVS Supply Chain Settles Debt Row with ZTE Telecom India, Withdraws NCLAT Appeal

New Delhi: TVS Supply Chain Solutions has put an end to its prolonged financial dispute with ZTE Telecom India by reaching a settlement and formally withdrawing its appeal before the National Company Law Appellate Tribunal (NCLAT). The withdrawal brings to a close a legal battle that had its roots in unpaid invoices stretching back more than a decade. Earlier this week, counsel representing TVS Supply Chain informed the NCLAT bench about the out-of-court settlement and sought permission to withdraw the appeal. A two-member bench, comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra, granted the request without objection. "Counsel for the appellant (TVS) submits that the matter has been settled between the parties and he may be permitted to withdraw this appeal. Permission is granted," the tribunal stated in its order. The case traces its origins to a commercial arrangement between TVS Supply Chain Solutions — formerly known