The Insolvency and Bankruptcy Code, 2016 was introduced as a comprehensive framework, aiming to facilitate the reorganization and insolvency resolution of corporate entities in a time-bound manner, with the primary goals of maximizing the value of assets, promoting entrepreneurship, and enhancing credit availability. In addition to the above, one of the key objectives of the IBC is also to balance the interests of all stakeholders, including different classes of creditors. In real estate insolvencies, allottees of units/ apartments/ areas/ spaces constitute a significant stakeholder group as financial creditors. A unique situation is…