Joint Venture4 Mar 2026, 05:41 pm
Cyient Ltd: Liquidation of Joint Venture Company Infotech HAL Limited Commenced
AI Summary
Cyient Ltd has informed about the commencement of the liquidation process of Infotech HAL Limited, a 50:50 joint venture with HAL. The Hon’ble National Company Law Tribunal, Bengaluru Bench has admitted the Interlocutory Application No. (Lig.) 01/2026 in petition CP (IB) No. 99/BB/2024 filed by Infotech HAL Limited under Section 33(2) & 34(1) of the Insolvency and Bankruptcy Code, 2016. The NCLT has ordered for the commencement of liquidation process and appointed Mr. Vasudevan Gopu as the Liquidator for the Liquidation Process. The date of receipt of the order of the NCLT is 3 March 2026.
Key Highlights
- Cyient Ltd's joint venture company, Infotech HAL Limited, is being liquidated
- The Hon’ble National Company Law Tribunal, Bengaluru Bench has admitted the petition for liquidation
- Infotech HAL Limited is a 50:50 joint venture with HAL
- Mr. Vasudevan Gopu has been appointed as the Liquidator for the Liquidation Process
- The date of receipt of the order of the NCLT is 3 March 2026