Lyka Labs Limited to Receive Rs 63 Lakh Claim Amount from Modi Life Care Industries After Appellate Tribunal Order
Lyka Labs Limited has received an order from the National Company Law Appellate Tribunal regarding a claim against it by Modi Life Care Industries Limited. The company was directed by the tribunal to receive the claim amount of Rs 63,00,000/- within 30 days from the date of the order.The directive was received by Lyka Labs Limited on June 4, 2026, following proceedings before the National Company Law Appellate Tribunal at its Principal Bench in New Delhi. The matter relates to an appeal filed under Section 61 of the Insolvency and Bankruptcy Code 2016.
As per the order, Lyka Labs Limited is expected to receive Rs 63,00,000/- from Modi Life Care Industries Limited. In terms of the financial impact, the company stated that aside from receiving this amount, there will be no material effect on its financials or operations.
Key details of the tribunal action and financial implications are as follows:
| Particulars | Details |
|---|---|
| Authority Involved | National Company Law Appellate Tribunal, New Delhi, Principal Bench |
| Claim Amount | Rs 63,00,000/- |
| Date of Receipt of Order | 04.06.2026 |
| Impact on Operations | The company will receive the full amount as directed by the NCLAT Appellate Tribunal. |
LYKALABS Stock Price Movement
Today, the stock of Lyka Labs Ltd rallied, settling at ₹60.36 after gaining 4.99% in post-market trading. The shares closed near their intraday high, which was recorded at ₹60.36, with a total traded volume of 99,496 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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