The way forward is simple:-SHRINK THE LOG FILE
Follow the steps given below to shrink the same.
1. Open the enterprise manager and connect to the db
2. Open the query analyser and issue the following commands in the SQL editor/Query analyser
DUMP TRAN [dbname]
where [dbname]
3. Execute the query, this execution would show the query successfully executed
4. Right click on the database now and select Shrink. Shrink the log file now to your desired size.
Note: If you simply try to Shrink the log file without issuing the command then the application is unable to shrink the log file and you will still face the issues.
Hope this topic proves helpful to you.