Mandatory Use of eBKray Platform for Asset Auctions in Liquidation Cases Under IBC 2016.

The Insolvency and Bankruptcy Board of India (IBBI) has mandated the use of the eBKray auction platform for all asset auctions in liquidation processes under the Insolvency and Bankruptcy Code, 2016, effective April 1, 2025. Ongoing liquidation cases are required to list unsold assets on the platform by March 31, 2025. This initiative is intended to streamline the liquidation process and enhance transparency. .....

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