NCLT Orders Directors to Repay ₹5827.80L in Fraud Case

NCLT Ahmedabad allowed HDFC Bank's application under Section 66 of IBC against Kanoovi Foods directors for fraudulent trading.
Forensic audit revealed ₹4443.51L fund siphoning and ₹1120.29L fictitious sales, totaling ₹5827.80L fraudulent transactions.
Tribunal held directors (R5-R10) jointly liable for repayment and found third parties (R1-R4) knowingly participated in fraud.
Directors must contribute ₹5827.80L to corporate debtor's assets within 45 days, with recovery proceedings for non-compliance.