From Unsecured to Influential: Homebuyers Gain Ground Under IBC Reforms
- Homebuyers gain stronger representation in insolvency proceedings, with improved participation in the Committee of Creditors (CoC).
- Possession rights protected – Completed flats can be handed over during insolvency, and occupied units are safeguarded from liquidation.
- CIIRP introduced under the Insolvency and Bankruptcy Code, enabling faster, largely out-of-court resolution with a debtor-in-possession model.
- Project-specific insolvency allowed, ensuring stalled real estate projects can be resolved independently without affecting viable developments.
- Greater regulatory oversight via Real Estate (Regulation and…