Cyient JV Infotech HAL Liquidation Ordered by NCLT

NCLT Bengaluru ordered liquidation of Infotech HAL Limited, a 50:50 joint venture of Cyient Ltd, and appointed Vasudevan Gopu as liquidator.
Committee of Creditors approved liquidation with 78.70% votes, citing non-operational status for three years and no viable resolution plan.
Corporate debtor's total admitted claims are ₹1.15 crore with bank balance of ₹12.44 lakh post-CIRP expense payment of ₹4.51 lakh.
Liquidator remuneration fixed at ₹2 lakh plus taxes, with estimated liquidation costs of ₹3.56 lakh to be funded from existing bank balance.