Act Name/Rule Name: Insolvency and Bankruptcy Code, 2016
Type of Document: Circular
Date: 10th January 2025
Circular No./Notification No.: IBBI/LIQ/81/2025
This circular from the Insolvency and Bankruptcy Board of India (IBBI) mandates that all Insolvency Professionals (IPs) handling liquidation processes must exclusively use the eBKray auction platform for the sale of assets in ongoing liquidation cases, starting from 1st April 2025.
Key points include:
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.