The Insolvency and Bankruptcy Board of India (IBBI) has mandated that all auctions for the sale of assets under the liquidation process must be conducted exclusively on the eBKray auction platform starting April 1, 2025.
This directive aims to streamline the auction process, enhance transparency, and improve recovery rates in liquidation cases.
Additionally, the insolvency regulator has instructed insolvency professionals (IPs) to list all unsold assets in ongoing liquidation cases on the platform by March 31, 2025.
This move is expected to bring greater efficiency and accountability to the liquidation process by consolidating asset listings and simplifying access for potential buyers, say experts.
Anjali Jain, Partner at Areness Law, a…
