Centralised Asset Liquidation Auction Platform:
The Insolvency and Bankruptcy Board of India (IBBI) and Indian Banks’ Association (IBA) plans to create a centralised platform for auctioning of assets under the Insolvency and Bankruptcy Code (IBC).Auction of assets will be conducted via the eBKray platform which has been operating auctions for mortgaged assets under the SARFAESI Act, 2002 for the past five years.
