TVS Supply Chain Solutions Withdraws NCLAT Appeal Following Settlement with ZTE Telecom
TVS Supply Chain Solutions Limited has withdrawn its appeal before the National Company Law Appellate Tribunal (NCLAT) following a settlement reached with ZTE Telecom India Pvt. Ltd. The matter concerned operational dues claimed by TVS Supply Chain Solutions from ZTE Telecom for services provided under the existing business arrangements between the two parties.The Company confirmed the status update regarding the proceedings in the NCLAT, detailing the terms of the settlement.The details of the litigation matter and the subsequent settlement are summarized below:ParticularsDetailsAppellantTVS Supply Chain Solutions Ltd.Opposing PartyZTE...