The Insolvency and Bankruptcy Board of India (IBBI) released a significant Discussion Paper on November 17, 2025, aimed at addressing practical gaps and strengthening the integrity of the Corporate Insolvency Resolution Process (CIRP). The proposals focus on increasing transparency, protecting real estate allottees, and ensuring accountability in decision-making within the Committee of Creditors (CoC).
There is a detailed breakdown of the four key proposals introduced by the IBBI.
1. Protection for Real Estate Allottees: Mandatory Inclusion in IM and Resolution Plans
The Problem:
Currently, many real estate allottees fail to file formal claims within the prescribed timelines. Consequently, they are often excluded from…