IBBI Order (FAA) Dated 17/04/2025

E-auction platform eligibility information not mandated under RTI: The information had been sought concerning the eligibility criteria for e- auction platforms stipulated by IBBI and details about the composition and exclusive rights granted to the eBKray auction platform for asset sales during liquidation. It was responded that the requested information constituted clarification or opinion, falling outside the scope of “information” as defined under Section 2(f) of RTI Act. IBBI stated that it did not maintain specific information on the eligibility requirements for e-auction platforms. The Appellate Authority concurred that the CPIO was not required to generate such information or provide justifications for mandating the use of the eBKray platform, as these fall outside the purview of the RTI Act. (IBBI FAA Order Dated 17/04/2025)

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top