Real estate insolvency resolution undergoes a critical pivot as the IBBI recommends a project-centric framework to ensure stalled housing projects finish.

IBBI suspension of Supertech insolvency professional highlights critical failures in regulatory oversight and property resolution timelines.

Proposed IBC reforms by IBBI aim to resolve delays, ensure fair claims, and enhance transparency, offering relief to homebuyers and strengthening the real estate resolution framework.

The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.