IBC Amendment 2025 aims to fast-track resolutions and protect homebuyers’ interests.

Land Authorities to Join Creditors in Realty Insolvency Cases.

Finance Minister Nirmala Sitharaman announced that land authorities can now be invited to Committee of Creditors (CoC) meetings in real estate insolvency cases, a move expected to speed up stalled bankruptcy resolutions. Speaking in the Rajya Sabha, she said the provision will allow authorities to give inputs on land legitimacy and regulatory issues, helping resolve long-pending projects. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025—cleared by the Lok Sabha—introduces stricter timelines, requiring insolvency case admission within 14 days and resolution plan approval within 30 days by the National Company Law Tribunal. Of 565 real estate cases admitted under IBC, 111 cases covering over 1.62 lakh homebuyers have been resolved, while 87 plans await approval and could benefit around 50,000 buyers. Sitharaman reiterated that IBC is a resolution framework, not merely a debt recovery tool, though liquidation remains a last resort.