NCLT Directs Withdrawal of Bheema Cements Liquidation Application

NCLT Hyderabad directs withdrawal of liquidation application IA 13/2025 filed against Bheema Cements Ltd.
Union Bank of India, through ex-RP, seeks withdrawal of the liquidation proceedings via memo.
Ex-Resolution Professional given two weeks to file formal withdrawal application with detailed reasons.
Matter adjourned to 13 May 2026 for further hearing on the withdrawal application.