Auction notices sourced from published bank, NCLT and government listings
Guide
Liquidation auctions under the Insolvency and Bankruptcy Code sell the assets of a company being wound up. They are run by a liquidator appointed by the NCLT, not by a bank.
An Insolvency Professional acting as liquidator conducts the process under IBC regulations, publishes the sale notice and issues the sale certificate.
Queries go to the liquidator named in the notice, and the terms of sale are set out in the notice and the accompanying e-auction process document.
Land and factory buildings, plant and machinery, vehicles, stock and scrap — often as a going concern or as a block of assets rather than a single unit.
A SARFAESI bank auction enforces one lender's security over one asset. A liquidation sale disposes of a whole company's estate and distributes proceeds among creditors under the IBC waterfall.
Timelines, possession and tax treatment therefore differ lot by lot — read each process document rather than assuming standard terms.
