Notice on Commencement of Liquidation process of Infotech HAL Limited, Joint Venture Company
CYIENT · price
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The NCLT Bengaluru Bench has ordered the liquidation of Infotech HAL Limited, a 50:50 joint venture between Cyient and Hindustan Aeronautics Limited (HAL), with the order received by Cyient on 3 March 2026. The JV had been non-operational for the past three years, is a service-based entity with no employees or active operations, and its only meaningful assets are a bank balance of about ₹12.44 lakh and fixed deposits. Total admitted creditor claims stood at roughly ₹1.15 crore, and the Committee of Creditors voted 78.70% in favour of liquidation. Mr. Vasudevan Gopu has been appointed as the Liquidator, with a fixed fee of ₹2 lakh and estimated liquidation expenses of ₹3.56 lakh.
Since Infotech HAL has been dormant for three years and held no operating assets, the financial hit for Cyient from this wind-up is expected to be small and largely already accounted for. For shareholders, this is more of a formal closure of a defunct JV rather than a value-impacting event.