Legal4 Jun 2026, 06:41 pm
Lyka Labs Wins ₹63 Lakh Claim Against Modi Life Care
AI Summary
Lyka Labs Limited has received a favorable order from the National Company Law Appellate Tribunal (NCLAT), New Delhi. The order mandates Modi Life Care Industries Limited to pay Lyka Labs a claim amount of ₹63,00,000/- within 30 days. This legal victory pertains to Company Appeal (AT) INS.NO. 726 of 2024 filed under the Insolvency and Bankruptcy Code, 2016. The company stated that this receipt is the primary impact on its financials, with no other material effect on its operations or activities.
Key Highlights
- NCLAT orders Modi Life Care to pay ₹63 Lakhs to Lyka Labs.
- Payment to be made within 30 days from the order date.
- Claim arises from an Insolvency and Bankruptcy Code appeal.
- No significant impact on company operations or financials beyond the received amount.
Price Impact
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