KSS Limited — Important, 04-08-2025: Updates

KSS Limited's asset recovery efforts are moving forward. The NCLT has ordered former directors to jointly and severally repay 47.93 Lakhs to the company, along with interest. This amount, paid to related parties in January 2022, was ruled to be "preferential transactions" and not conducted in the ordinary course of business. The tribunal's decision requires the funds to be returned within 30 days, a crucial development for strengthening the company's financial position.