The National Company Law Tribunal (NCLT), Hyderabad Bench, convened a hearing on April 5, 2022, via video conference for Company Petition IB/6/2022. Aliens Developers Pvt Ltd is the corporate debtor. Vemuri RKV Naga & 2 others are the petitioners. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The Learned Counsel for the Financial Creditor and the Learned Counsel for the Corporate Debtor were present. Based on submissions from the Financial Creditor, the petition was dismissed as withdrawn. This suggests a settlement or resolution was reached between the parties, leading to the Financial Creditor's decision to withdraw the petition.

The National Company Law Tribunal (NCLT), Hyderabad Bench, convened a hearing on April 5, 2022, via video conference for Company Petition IB/6/2022. Aliens Developers Pvt Ltd is the corporate debtor. Vemuri RKV Naga & 2 others are the petitioners. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC). The Learned Counsel for the Financial Creditor and the Learned Counsel for the Corporate Debtor were present. Based on submissions from the Financial Creditor, the petition was dismissed as withdrawn. This suggests a settlement or resolution was reached between the parties, leading to the Financial Creditor's decision to withdraw the petition.