Date: June 4, 2026
NCLAT Order Details
Authority: National Company Law Appellate Tribunal (NCLAT), New Delhi, Principal Bench.
Case Reference: Company Appeal (AT) INS.NO. 726 of 2024 (Lyka Labs Limited V/s Modi Life Care Industries Limited) filed under Section 61 of the Insolvency and Bankruptcy Code, 2016.
Nature of Order: The Appellate Tribunal passed an order in favor of Lyka Labs Limited. The order directs Modi Life Care Industries Limited to pay a claim amount of ₹63,00,000/- (Rupees Sixty Three Lakhs) to Lyka Labs Limited.
Timeline for Payment: The payment must be made within 30 days from the date of the order.
Date of Receipt: Lyka Labs Limited received this order on June 4, 2026.
Alleged Violations: The disclosure states 'NA' for details of any violations or contraventions.
Financial and Operational Impact
Quantifiable Impact: The company will receive ₹63,00,000/- as per the NCLAT order.
Overall Impact: The company states there is no material impact on its financials, operations, or other activities, except for the receipt of the aforementioned amount.