KTA Form Designer could not load file or assembly TotalAgility.sdk when editing actions on forms

Summary

When opening a .NET action on one of the TotalAgility forms, we receive an error:

Could not load file or assembly
'file:///C:\Program Files\Kofax\TotalAgility\Agility.Server.Web\Generated Assemblies\Webservice 
Proxies\TotalAgility.Sdk,
Version=1.0.0.0, Cutlure=neutral, PublicKeyToken=d86c87abe4a71948' or one of its dependencies.
The system cannot find the file specified.

Bug #623433 has been raised in TFS
The fix is assigned to v7.2.1 - due for release August 2015

The fix was:

The dotnetcomponent is checking to see if the DLL is in GAC or not which is not required.
This condition was removed