Corporate insolvency regulations require separate bank accounts...

Corporate insolvency regulations require separate bank accounts for each real estate project, project-wise financial reporting and compliance with statutory fund-use requirements. For debtors with multiple projects, the creditors' committee may recommend project exclusion to the adjudicating authority with at least 66% of voting share and recorded reasons. The resolution professional must obtain an independent technical and cost-to-complete assessment, with prior committee approval, before inviting expressions of interest. Information memoranda must include project details and details of allottees with unsubmitted claims reflected in specified records; resolution plans must address those allottees where their details are included and specify completion and possession timelines. Monitoring committees must include an allottee representative and, where applicable and subject to their agreement, regulatory and competent authority representatives. Class representatives' views must be recorded in meeting minutes, and the resolution professional must continue duties until a withdrawal application is decided. The amendments took effect on 30 October 2026.