Centralized listing and auction platform mandates public asset listings to enhance transparency and improve liquidation recoveries. A centralized electronic listing and auction platform on eBKray will host continuous public listings of assets under liquidation with detailed data (photographs, videos, geographical coordinates) to improve transparency and recoveries. Insolvency professionals must list unsold assets and upload all assets within seven days of submitting the asset memorandum for new liquidations; use of the platform for ongoing cases is permitted. Deployment begins as a pilot, accessible via IBBI logins, and is issued under the Board's statutory power.
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Centralized listing and auction platform mandates public asset listings to enhance transparency and improve liquidation recoveries.
A centralized electronic listing and auction platform on eBKray will host continuous public listings of assets under liquidation with detailed data (photographs, videos, geographical coordinates) to improve transparency and recoveries. Insolvency professionals must list unsold assets and upload all assets within seven days of submitting the asset memorandum for new liquidations; use of the platform for ongoing cases is permitted. Deployment begins as a pilot, accessible via IBBI logins, and is issued under the Board's statutory power.
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