Authority: Supreme Court of India

Order Date: 27 July 2026

Case Overview

  • Appeal No.9010/2026 filed by Modi Lifecare Industries Ltd (appellant) against Lyka Labs Limited (respondent) seeking stay of an order passed by the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi.
  • The matter was listed before a two‑judge bench comprising Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice K. Vinod Chandran.
  • Counsel for the appellant: Mr. Durgesh Ramchandra Gupta (AOR), Mr. Rahul Kaushik (Sr. Adv.), Mr. Lakshay Sharma, Mr. Ranjan Kumar Rai, Mr. Rajan Kumar, Mr. Arun Singh, Mr. Lokesh.
  • Counsel for the respondent: Mr. J. Sai Deepak (Sr. Adv.), Mr. Ramit Rana, Mr. Jatin Bhardwaj (AOR), Mr. Rahul Rai, Mr. Harsh Tikoo, Mr. Ramkishan Saraswat, Mr. Shekhar Mehla.
  • The respondent’s advocate‑on‑record, Mr. Jatin Bhardwaj, who is on caveat, consented to waive formal notice.

Order Details

1. The Court directed that a notice be issued and returned within four weeks.

2. The waiver of formal notice by the respondent’s AOR was accepted.

3. The impugned order of the NCLAT, Principal Bench, New Delhi, shall remain stayed from its operation pending further hearing.

Final Outcome

The Supreme Court stayed the NCLAT order, effectively halting its enforcement until the appeal is further adjudicated.

Topics: Stay Order, Corporate Litigation, NCLAT Decision