NCLT Ahmedabad admits State Bank of India's petition to declare Keyurbhai Maganlal Likhiya bankrupt for a debt of ₹55.57 crore plus interest.
Tribunal appoints Mamta Sandeep Devpura as Bankruptcy Trustee and vests all bankrupt assets excluding exemptions.
Bankrupt faces travel restrictions and must submit financial position within seven days; bankruptcy trustee directed to trace undisclosed assets.
Interim moratorium ceases; bankruptcy process initiated under IBC 2016 for personal guarantor to Pluton Trading Private Ltd.