Builder insolvency delays your flat possession? Know how the new IBBI amendment can protect homebuyers
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Insolvency and Bankruptcy Board of India amended insolvency rules on October 30 to help homebuyers.
- ✓Now, viable projects can be excluded from insolvency proceedings if they get majority votes.
- ✓Siddharth Srivastava said, "For near-complete stalled projects, the following changes introduced by the regulations matter most." This brings much-needed relief.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
Synopsis
The Insolvency and Bankruptcy Board of India (IBBI) amended the insolvency rules with the aim of giving relief to specified homebuyers who are stuck in projects where the builder has gone insolvent. This amendment says that now, if there is a viable project built by a builder who is under the insolvency process, then this viable project won’t be included in the insolvency process if it gets the majority votes.
Listen to this article in summarized format
A few weeks ago, the Insolvency and Bankruptcy Board of India (IBBI) amended the insolvency rules to help homebuyers trapped in projects where the builder has become insolvent. This amendment was announced by IBBI on October 30, 2026, and it says that a viable project developed by a builder undergoing insolvency process will no longer be included in the insolvency proceedings .
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The Economic Times
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