The Insolvency and Bankruptcy Board of India (IBBI) on January 10, 2025, issued the notification regarding the Mandatory Use of eBKray Auction Platform for Liquidation Processes.
The following has been stated namely: -
• The IPs shall exclusively list the details of all the unsold assets in respect of the ongoing liquidation processes on the eBKray platform and that they may utilize the eBKray auction platform for the sale of assets in respect of ongoing cases for auctions.
• The platform is presently running on a pilot mode and will be improved based on the experiences of usage.
• All IPs handling liquidation processes are hereby directed to exclusively use the eBKray auction platform for conducting auctions for sale of assets during the liquidation process with effect from April 01, 2025. It is further directed that listing of unsold assets in all ongoing liquidation cases shall be completed by March 31, 2025.
[Notification No. IBBI/LIQ/81/2025]
