India, Oct. 3 -- In the first part of this two-part series, we examined the challenges facing the homebuyers in real-estate-related insolvencies, and the implications of the new amendments to the Insolvency and Bankruptcy Code (IBC). Now, we look at how regulations of the Insolvency and Bankruptcy Board of India (IBBI) address some of the homebuyers' demands, and whether there is a need for a unified law, as the Government feels, or a separate framework for real estate.

We start with the IBBI's (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2025. Homebuyers, who are represented on the crucial Committee of Creditors (CoC) through Authorised Representatives, via the Code, often lack real influence due to del...