New Delhi, Oct. 13 -- The chatbot platform that 20 million people used every month two years ago will be wound down unless someone bids to keep it running, its chief executive said after the company behind it filed for bankruptcy.

$20 million for a non-exclusive, perpetual licence to some of the company's intellectual property and certain company claims, a price other bidders can try to beat, according to the company's announcement, with any sale expected to close in late November or early December. Colin Adams, the chief executive, who signed the petition on the company's behalf, said the board chose the court-supervised route because it offered the "best opportunity to maximize value for all stakeholders," according to TechCrunch.

The...