After looking at all answers and comments. I'm really disappointed the way people responded. :( I was simply asking the architecture/ life cycle of the spring framework. I don't know what people understood from my question.
Anyway coming to point. The answer, which I was looking for is nowhere related to opinion as I mentioned in my question itself. Even, I wasn't asking who is replacement of what. Thanks to @ringbearer who seems to understand my question.
Now, I found some links and I'm concluding here
Spring Life Cycle

From above diagram, It was quite clear for beginner to know the flow of request in Spring and this is what I was looking for.
I would like to add the explanation from this blog where It was explain in well manner.
- Receive the request from client
- Consult HandleMapping to decide which controller processes the
request
- Dispatch the request to the controller
- Controller processes the request and returns the logical view name
and model back to DispatcherServlet
- Consult ViewResolver for appropriate View for the logical view name
from Controller Pass the model to View implementation for rendering
- View renders the model and returns the result to DispatcherServlet
Return the rendered result from view to the client
Spring + Hibernate Life Cycle
AFAIK, Hibernate is a framework to interact with Database and send data to application (Spring Application) when requested. Below is the architecture of Hibernate.

So, from above diagram Hibernate is responsible for managing Database session and Database interaction ONLY. Spring life cycle remain same even adding Hibernate framework.
PS: Any correction will be appreciated.