IBBI mandates Sale of Assets under Liquidation through eBKray Auction Platform

The Insolvency and Bankruptcy Board of India (IBBI) mandated the sale of assets under liquidation through the eBkray auction platform. This move aims to bring greater transparency and efficiency to the liquidation process by ensuring that assets are sold in an open and competitive manner. The platform will facilitate online auctions, making the process more accessible and streamlined for creditors and potential buyers. It aligns with the government’s efforts to improve the overall functioning of the insolvency process and ensure that assets are fairly distributed among creditors.