NCLAT Partially Allows KSS Ltd Directors' Preferential Transaction Appeal

NCLAT partially allows appeal by KSS Ltd directors against NCLT order on Rs 47.92 lakh preferential transaction.
Tribunal upholds Rs 8.92 lakh transfer to K Sera Sera Digital Cinema as preferential under IBC Section 43.
Sets aside Rs 39 lakh transfer to K Sera Sera Miniplex Ltd, finding it doesn't meet preferential transaction criteria.
Directs appellants and respondents to jointly repay Rs 8.92 lakh with interest to corporate debtor within 30 days.