The Insolvency and Bankruptcy Board of India (IBBI) on October 30, 2026, issued a circular regarding Compliance with RERA for CDs having real estate projects and disclosure of CIRP at project and office sites of the CD.
The following has been stated: -
•The Insolvency and Bankruptcy Board of India (IBBI) has directed Insolvency Professionals (IPs) to ensure compliance with the Real Estate (Regulation and Development) Act, 2016, during the Corporate Insolvency Resolution Process (CIRP) of corporate debtors having real estate projects.
•The Interim Resolution Professional (IRP) or Resolution Professional (RP) shall obtain relevant project information from the concerned RERA portal, including registration details, sanctioned plans, approvals, allottee records and designated bank account status, for preparing the Information Memorandum and verifying claims.
•The RP may also invite RERA authorities to provide written views on the regulatory compliance, feasibility and implementation of resolution plans and place such views before the Committee of Creditors (CoC) and prospective resolution applicants.
•Further, the commencement of CIRP must be prominently displayed through signboards at each project site and notice boards at the registered, corporate, site and sales offices within seven days of appointment of the IRP/RP, which shall remain displayed until conclusion of CIRP.
[Circular No.: IBBI/CIRP/110/2026]
