IBBI's proposals for Real Estate Insolvency: An Impact Analysis

CS Peer mehboob | Last updated: 01 December 2023

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The Insolvency and Bankruptcy Board of India (IBBI) has proposed significant changes to the insolvency process for real estate projects. These proposals aim to address long-standing issues by introducing measures like mandatory RERA registration, operating separate bank accounts for each project, and allowing the handover of units to homebuyers. The article analyses the potential impact of these changes, highlighting both the benefits of increased transparency and efficiency, and the practical challenges in implementation.

Background On 06.11.2023, the Insolvency and Bankruptcy Board of India (IBBI) has released a discussion paper dealing with the issues being faced in insolvency processes of real estate projects. In relation to the stalled real estate projects, this discussion paper seeks to implement the recommendations made by Amitabh Kants Committee and also by a Colloquium on Functioning and Strengthening of the IBC Ecosystem. It has been recommended by the committee and colloquium that the IBC needs to be

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About the Author

CS Peer mehboob

My name is Peer Mehboob. I am a qualified Company Secretary and Law Graduate with more than 10 years of experience. I have immense interest in academics and in legal profession. I keep writing various articles and also authored books for professional institutes. I also have inclination of teaching corporate laws.

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