NCLAT dismisses appeal by Santoshi Barrier Film directors against NCLT's ₹17.23 crore fraudulent trading order.
Tribunal finds directors swapped financed flexographic presses with lower-value rotogravure machines to defraud creditors.
Order directs appellants to contribute ₹17,23,05,603.50 to corporate debtor's assets and pay ₹10 lakh total costs.
Judgment affirms single fraudulent transaction can constitute fraudulent trading under IBC Section 66 when intent is established.