TVS Supply Chain Solutions has resolved its long-standing debt dispute with ZTE Telecom India by settling the matter and withdrawing its insolvency appeal in the National Company Law Appellate Tribunal (NCLAT). The appeal was based on a claim of ₹4.27 crore (approximately $515,000 USD) for unpaid invoices dating from June 2012 to February 2019. The NCLAT, led by Chairperson Justice Ashok Bhushan, granted permission for the withdrawal after TVS's counsel confirmed the settlement. Previously, in October 2022, the National Company Law Tribunal (NCLT) dismissed TVS's insolvency petition, citing a pre-existing dispute over the claimed debt. The NCLT noted that the debt had been under reconciliation since 2017 and was disputed by ZTE, which had raised concerns about discrepancies in the invoices. This settlement marks a significant resolution for both parties after years of contention.