IBBI Introduces Amendments Which  Allows Homebuyers to take Possession During CIRP

Number of provisions have been altered by the 2016 Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations Through Notification No. IBBI/2024-25/GN/REG122, dated 03.02.2025, the Insolvency and Bankruptcy Board of India ( IBBI ) has proposed changes to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.  The purpose of these modifications…