NCLT has quashed the insolvency petition against ZTE filed by TVS Supply Chain

The NCLT has dismissed a bankruptcy proceeding against the Indian unit of telecom equipment maker ZTE filed by TVS Supply Chain Solutions after observing a pre-existing dispute between the parties. The debt claimed by TVS Supply Chain Solutions, a Chandigarh-based bench of the National Company Law Tribunal (NCLT), was disputed and reconciled since 2017, well […]