IBBI mandates eBKray platform for all asset auctions in liquidation under Insolvency and Bankruptcy Code, effective April 2025.

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....The Insolvency and Bankruptcy Board of India (IBBI) issued a circular mandating the exclusive use of the eBKray auction platform for conducting auctions and listing unsold assets in all liquidation processes under the Insolvency and Bankruptcy Code, 2016 with effect from April 1, 2025. All ongoing liquidation cases must list unsold assets on the platform by March 31, 2025. The directive aims to streamline the liquidation process and improve transparency.....