IBBI Directs IPs to Exclusively Use ‘eBKray Auction Platform’ for Conducting Auctions for Sale of Assets During Liquidation
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- Last Updated on 31 March, 2025
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Circular No. IBBI/LIQ/84/2025; Dated: 28.03.2025
The IBBI has directed all IPs to exclusively use the eBKray auction platform for conducting auctions for the sale of assets during the liquidation process where an auction notice is issued on or after April 1, 2025. Also, IBBI must mention in auction notice that prospective bidders must deposit EMD via the auction platform. The eBKray is a property listing and e-auction platform designed for banks and lending institutions, addressing recovery of NPA loans via efficient property auctions.
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