Forel Labs NCLT Petition Dismissed Non-Prosecution

NCLT Hyderabad dismissed Company Petition No. 16/241/HDB/2023 under Section 241 of the Companies Act for non-prosecution due to absence of both parties.
The related interlocutory application IA (CA)/49/2024 was declared infructuous following the dismissal of the main petition.
The order was issued by a two-member bench comprising a Judicial and a Technical Member on April 28, 2026.