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of <h1>India Amends Insolvency Regulations: No Regulatory Fee for Real Estate Resolution Plans by Allottee Groups Under Regulation 31A.</h1> The Insolvency and Bankruptcy Board of India has amended the Insolvency Resolution Process for Corporate Persons Regulations, 2016. Effective from its publication date, the amendment stipulates that no regulatory fee is required when the approved resolution plan for a real estate project's insolvency is submitted by an association or group of allottees. This clarification is added to regulation 31A, sub-regulation (1), ensuring that such cases are exempt from the regulatory fee. The amendment aims to facilitate the involvement of allottees in the resolution process for real estate projects.
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