Introduction: A new dawn for corporate insolvency?
The Insolvency and Bankruptcy Board of India (IBBI), through its Notification No. IBBI/2024-25/GN/REG1221 dated 3-2-2025, has unveiled a suite of amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 20162. Effective from 3-2-2025, these reforms aim to inject transparency, efficiency, and sector-specific clarity into insolvency proceedings, particularly in the real estate sector — a domain historically plagued by delays, unfinished projects, and distressed homebuyers. The latest overhaul enhances creditor protection, fosters structured participation, and brings regulatory oversight into sharper focus. But does…
