Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
IBBI, IBA partner for centralised platform to auction liquid assets
Business Standard
|October 31, 2024
Assets undergoing liquidation through the Insolvency and Bankruptcy Code (IBC) will soon be available to potential buyers under a centralised platform for listing and auction as the regulatory body overseeing insolvency proceedings has collaborated with the Indian Banks Association (IBA) to facilitate the auction under one umbrella, a circular issued by the Insolvency and Bankruptcy Board of India (IBBI) said.
The auction of assets would be carried out through the eBKray platform. Owned and managed by PSB Alliance Private Limited - a consortium of 12 public sector banks, eBKray has been conducting auctions for assets mortgaged to public sector banks under the SARFAESI Act for the past five years.
This story is from the October 31, 2024 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
The hyperwar is here
How predictive AI is changing outcomes in conflict
8 mins
April 21, 2026
Business Standard
Odisha pins hopes on JSW Steel-Posco JV
With JSW Steel formally approving a 50:50 joint venture with South Korean steel major Posco Group to establish a greenfield 6 million tonnes per annum (mtpa) integrated steel plant in Odisha, one of the state's biggest proposed industrial investments has gained fresh momentum.a
1 mins
April 21, 2026
Business Standard
₹1.68 trn in less than 4 mths: War, oil rally drive record FPI outflows
Valuation premium not justified, ₹ depreciation a major concern: Experts
2 mins
April 21, 2026
Business Standard
'We'll grow both our liabilities and assets, but with quality'
Vinay Tonse, who took over as managing director and chief executive officer of Yes Bank earlier this month, says the lender will focus on growth in retail loans while keeping asset quality in mind.
1 min
April 21, 2026
Business Standard
SC seeks same-day report from top judge of Calcutta HC
The Supreme Court on Monday indicated that it would immediately call for a report from the chief justice of the Calcutta High Court regarding the functioning of appellate tribunals set up to examine challenges to inclusions and exclusions in West Bengal’s electoral roll following the Special Intensive Revision (SIR).
1 mins
April 21, 2026
Business Standard
Govt body plans legal framework for AI companies
The government's newly constituted Artificial Intelligence Governance and Economic Group (AIGEG) is expected to push for a unified legal framework governing companies operating in the artificial intelligence space, including developers of large and small language models and chatbot systems, alongside broader rules defining how such technologies should function, senior officials have said.
2 mins
April 21, 2026
Business Standard
Strong order book points to improved outlook for BHEL
‘The capital goods sector appears positioned for steady growth with big order books, good balance sheets and favourable policy.
2 mins
April 21, 2026
Business Standard
CERC moots new norms for market coupling across power exchanges
The Central Electricity Regulatory Commission (CERC) has issued draft amendments to the Power Market Regulations 2021, proposing a framework for implementation of market coupling across power exchanges.
1 min
April 21, 2026
Business Standard
Understanding an ancient way of life
The word Hindu has come to symbolise many things to many people.
3 mins
April 21, 2026
Business Standard
RBI partially eases ₹ NDF curbs on banks
The Reserve Bank of India on Monday partially rolled back some of the measures announced on April 1 that had barred banks from offering rupee-linked non-deliverable forwards, after stability returned to the foreign-exchange market.
2 mins
April 21, 2026
Listen
Translate
Change font size