13/01/2025
Summary of the IBBI Circular dated 10/01/2025.
This circular is integrated in our free-to-use website ca2013.com.
Mandatory Use of eBKray Auction Platform for Liquidation Processes.
IBBI, through its circular dated 29th October 2024, had introduced the eBKray auction platform to list and sell all the unsold assets in respect of the ongoing liquidation processes. Since the platform has received an encouraging response, the IBBI has directed all IPs handling liquidation processes to exclusively use the eBKray auction platform for conducting auctions for sale of assets during the liquidation process with effect from 1st April 2025. Further, the listing of unsold assets in all ongoing liquidation cases shall be completed by 31st March 2025.
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