The reports claimed that he was arrested for reckless driving and he and his father Pranab Pandey were 'manhandled' after the incident in the Kankarbagh area last evening.
However Police denied arresting the young cricketer and said the matter was amiacblly settled between the two parties.
"There has been no arrest or FIR in the case. Both the parties have settled it mutually at the police station yesterday," Officer In Charge of Kankarbagh police station Vijay Kumar Mishra said.
Bihar Cricket Association joint secretary Neeraj Singh said there was nothing to worry and the cricketer has already resumed training.
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Singh, who had gone to the police station after hearing the incident yesterday, said Kishan and his father were on their way to a sports store from their residence in Rajendra Nagar.
""I don't know why the incident is being blown out of proportion. It's nothing serious at all and Kishan has already joined training today. One woman sustained minor injury and that was promptly taken care of. Both Kishan and his father cooperated and settled it," Singh said.
It was reported that Ishan was driving his father's car when he allegedly oversped and hit an autorickshaw from behind and the impact of collision was so strong that passengers sustained injuries.
The Under-19 World Cup is scheduled to be held in Bangladesh from January 27-February 14 and India begin their campaign against Ireland January 28.