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. During the hearing before the NCLT Mumbai Bench on May 3, 2019, both parties informed the court that they had reached an amicable settlement. They filed consent terms, which the court took on record. Subsequently, at the petitioner's request, the petition was dismissed as not pressed, indicating that the petitioner no longer wished to pursue the case.

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. During the hearing before the NCLT Mumbai Bench on May 3, 2019, both parties informed the court that they had reached an amicable settlement. They filed consent terms, which the court took on record. Subsequently, at the petitioner's request, the petition was dismissed as not pressed, indicating that the petitioner no longer wished to pursue the case.