The Insolvency and Bankruptcy Board of India (IBBI) has introduced amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 through Notification No. IBBI/2024-25/GN/REG122, dated 03.02.2025. These amendments aim to enhance transparency and efficiency in the corporate insolvency resolution process (CIRP), particularly in relation to real estate projects.
An Overview of Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
Handing Over the Possession (Regulation 4E)
Regulation 4E has been incorporated which empowers the Resolution Professional to handover the flats, buildings or apartments during resolution process to Homebuyers after taking…
