Tagged “royalty”

Lyka Labs v. Modi Lifecare: invoices not mandatory for Section 9 IBC admission under a Technical Guidance Agreement

NCLAT Principal Bench (Bhushan CP, Mitra and Baroka) holds that where a Technical Guidance Agreement itself creates a minimum-royalty obligation, the absence of invoices does not defeat a Section 9 application; ₹63 lakh deposit ordered failing which CIRP admission follows.