The Insolvency and Bankruptcy Board of India (IBBI) on October 31, 2026, issued the framework for resolution of corporate debtors having real estate projects.
The following has been stated: -
•The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2026 on October 30, 2026, to strengthen the insolvency resolution framework for corporate debtors having real estate projects.
•The amendment mandates separate bank accounts and project-wise financial reporting, enables exclusion of specific projects from the Corporate Insolvency Resolution Process (CIRP) with approval of at least 66% of the Committee of Creditors (CoC), and introduces independent technical and cost-to-complete assessments.
•It also enhances project-wise disclosures in the Information Memorandum and strengthens homebuyers' participation through greater involvement of Authorised Representatives (ARs), thereby improving transparency, accountability and protection of stakeholders' interests.
The detailed notification is given in the document below.
[Notification No.: IBBI/PR/2026/18]
