Consult GurujiTax and company law

IN Regulation · IBBI ·

IBBI amends CIRP Regulations to bring project-wise insolvency rules for real estate builders

Summary

The IBBI CIRP Fifth Amendment Regulations require a separate bank account and books for each housing project, an independent cost-to-complete study before bids are invited, and project-level disclosures to bidders. The creditors' committee can exclude a completed, occupied project with a 66% vote, and a revised Form CA applies to homebuyer claims filed from 30 October 2026.

What it means for you

Homebuyers and lenders in builder insolvencies get ring-fenced project funds and clearer project-wise resolution plans.

Read the original source

This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.

More India updates