Case of Lyka Labs Ltd vs Modi Lifecare Industries Ltd, NCLAT Delhi Judgement Dated 19th May 2026. The appellate tribunal observed that the TG Agreement clearly provided for payment of minimum royalty fees and did not mandate issuance of invoices at the end of each period. The Tribunal held that Rule 5 of the IBBI Rules does not require invoices to be attached in every case and that a demand notice supported by documents establishing operational debt is sufficient. The respondent had acknowledged liability of approximately Rs 63 lakh in its correspondence and that there was no genuine pre-existing dispute except reconciliation of accounts. It held that debt and default stood admitted.