IBBI Mandates Exclusive Use of ‘eBKray Auction Platform’ to Conduct Auctions for Sale of Assets During Liquidation Process
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- By Chetan Kulasri
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- Last Updated on 15 January, 2025
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Circular no. IBBI/LIQ/81/2025; Dated: 10.01.2025
IBBI has directed all IPs handling liquidation processes to exclusively use the eBKray auction platform to conduct auctions for sale of assets during the liquidation process starting April 1, 2025. Further, IBBI has directed that the listing of unsold assets in all ongoing liquidation cases must be completed by March 31, 2025. 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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