A few weeks ago, the Insolvency and Bankruptcy Board of India (IBBI) amended the insolvency rules to help homebuyers trapped in projects where the builder has become insolvent. This amendment was announced by IBBI on October 30, 2026, and it says that a viable project developed by a builder undergoing insolvency process will no longer be included in the insolvency proceedings .
For example: Suppose there are three real estate projects (A, B, C) being built by a builder who is undergoing a corporate insolvency process. Project A is 95% complete, B is 50% complete, and C is 10% complete. Before this amendment, all the projects (A, B, C) would get tied up in the insolvency proceedings ; now only B and C would be…