https://www.taxtmi.com/circulars?id=68386 The circular mandates exclusive use of the Baanknet auction platform for liquidation auctions with notices issued on or after 1st April 2025, requires listing of unsold assets by 31st March 2025, and directs that auction notices must require bidders to submit requisite documents and a declaration of eligibility under Section 29A and deposit EMD through the platform, specifying EMD forfeiture if a bidder is ineligible; pre auction due diligence by liquidators has been dispensed and platform submissions will serve the eligibility mechanism. en-us Fri, 28 Mar 2025 00:00:00 +0530 Tue, 01 Apr 2025 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68386 The circular mandates exclusive use of the Baanknet auction platform for liquidation auctions with notices issued on or after 1st April 2025, requires listing of unsold assets by 31st March 2025, and directs that auction notices must require bidders to submit requisite documents and a declaration of eligibility under Section 29A and deposit EMD through the platform, specifying EMD forfeiture if a bidder is ineligible; pre auction due diligence by liquidators has been dispensed and platform submissions will serve the eligibility mechanism. Circulars IBC Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68386