NCLT orders liquidation of Cyient Limited's JV Infotech HAL

The Bengaluru bench of the National Company Law Tribunal (NCLT) has directed the commencement of liquidation proceedings against Infotech HAL, a 50:50 joint venture between Cyient Limited and Hindustan Aeronautics Limited (HAL). The order, dated March 3, 2026, pertains to an amount of ₹41.87 crore (approximately $0.45 million USD). Cyient Limited has indicated it is preparing to appeal the order. This development marks a significant regulatory and corporate event for the IT-focused joint venture, with potential implications for its financial health and ongoing business activities.