NCLAT Sets Aside NCLT Order in Lyka Labs vs Modi Lifecare

NCLAT allows Lyka Labs' appeal against NCLT's rejection of its insolvency petition against Modi Lifecare Industries.
Tribunal finds ₹63 lakh operational debt admitted by Modi Lifecare in July 2017 correspondence.
Rules demand notice valid without invoices as Technical Guidance Agreement didn't require them.
Directs Modi Lifecare to deposit ₹63 lakh within 30 days or face insolvency admission.