I tried to transfer a .com.. everything went as per normal and status changed to pendingtransfer and then it was cancelled by Z.com and NC notified who credited my account. Here is the email I got from Z.com
Z.com DomainService
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Transfer-out request has been disapproved.
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Attention: Mayhem Alex
Domain name:xxxxxxx
The transfer-out request for the domain name listed above has been
disapproved due to one of the following reasons:
1. You disapproved the transfer request for the domain name by
taking the required action by the deadline.
2. The expiration date of the domain name was within 7 days.
(It only applies to JP domain names.)
3. You did not take the required action to approve the transfer
by the deadline.
If you would like to approve transferring out the domain name, please
check the above points and confirm the cause of the transfer failure
first. Please make sure to reinitiate transfer for the domain name
after the problem has been solved.
If the domain name's TLD is JP and its expiration date was within
7 days, it is necessary for you to renew the domain name for a year
before you transfer it out to any other registrar.
If the cause of the failure was No.3, please make sure to take required
action by the deadline to approve the transfer request next time.
Thank you for your understanding and cooperation.
If you have any questions, do not hesitate to contact us.
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Contact Us at Z.com DomainService
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Z.com DomainService