A kinetic study on esterification between D-glucose and L-phenylalanine catalysed by lipases from Rhizomucor miehei (RML) and Candida rugosa (CRL) in organic media investigated in detail showed that both the lipases followed a Ping-Pong Bi-Bi mechanism with two distinct types of competitive inhibitions. Graphical double reciprocal plots and computer simulation studies showed that competitive double substrate inhibition took place at higher concentrations leading to dead-end inhibition in the case of RML and in the case of CRL, inhibition only by D-glucose at higher concentrations leading to dead-end lipase-D-glucose complexes. An attempt to obtain the best fit of these kinetic models through curvefitting yielded in good approximation, the apparent values of important kinetic parameters, RML: k cat = 2.24 ± 0.23 mM h -1 (mg protein) -1 , K m L-phenylalanine = 95.6 ± 9.7 mM, K m D-glucose = 80.0 ± 8.5 mM, K i L-phenylalanine = 90.0 ± 9.2 mM, K i D-glucose = 13.6 ± 1.42 mM; CRL: k cat = 0.51 ± 0.06 mM h -1 (mg protein) -1 , K m L-phenylalanine = 10.0 ± 0.98 mM, K m D-glucose = 6.0 ± 0.64 mM, K i D-glucose = 8.5 ± 0.81 mM.