Tyco Fire and Security India Private Limited initiated proceedings against ESDS Software Solutions Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. Both parties appeared through their counsel and informed the court that they had reached an amicable settlement. They filed consent terms, which the court took on record. Subsequently, at the request of the petitioner (Tyco Fire and Security India Private Limited), the petition was dismissed as not pressed, indicating the petitioner no longer wished to pursue the matter.

Tyco Fire and Security India Private Limited initiated proceedings against ESDS Software Solutions Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. Both parties appeared through their counsel and informed the court that they had reached an amicable settlement. They filed consent terms, which the court took on record. Subsequently, at the request of the petitioner (Tyco Fire and Security India Private Limited), the petition was dismissed as not pressed, indicating the petitioner no longer wished to pursue the matter.