New Delhi, Sept. 9 -- India's insolvency resolution framework will remain sector-agnostic as the government has assessed it is not practical to offer special dispensations to specific sectors like real estate, according to two persons informed about discussions in the government.

Contrary to expectations, the amendments to the Insolvency and Bankruptcy Code (IBC) introduced in Parliament by the government in the monsoon session, currently before a House committee, did not include a project-specific insolvency regime for real estate.

In 2023, an expert committee set up by the housing and urban affairs ministry to look into stalled real estate projects suggested that the registration requirement of individual projects with Real Estate Reg...