Lyka Labs Limited has announced the receipt of an order from the National Company Law Appellate Tribunal, New Delhi. The order mandates Modi Life Care Industries Limited to pay Lyka Labs Limited a claim amount of ₹63,00,000 (Rupees Sixty-Three Lacs). The payment is to be made within 30 days from the date of the order. This resolution stems from Company Appeal (AT) INS.NO. 726 of 2024, filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. The company confirmed that this order will result in the receipt of ₹63,00,000. However, it stated that there is no material impact on the company's financials, operations, or other activities beyond the receipt of this amount.
