The Insolvency and Bankruptcy Board of India (IBBI) has directed insolvency professionals handling the Corporate Insolvency Resolution Process (CIRP) of companies with one or more real estate projects to display notices announcing the insolvency proceedings at each project site and the company’s offices within seven days of their appointment.
The notices must inform stakeholders that the company is undergoing CIRP and provide the name and contact details of the appointed insolvency professional.
The circular dated October 30, 2026, also requires insolvency professionals to ensure compliance with the Real Estate (Regulation and Development) Act, 2016 (RERA) during CIRP. They must obtain project-related information from the concerned RERA…