ANALYZING CHALLENGES IN REAL ESTATE INSOLVENCY MATTERS UNDER THE IBC

This paper aims to collate all information, procedures, and challenges regarding real estate insolvency matters in one place by undertaking a thorough examination of real estate insolvency matters within the framework of the Insolvency and Bankruptcy Code (IBC). Several complexities such as the aspect of limitation, the significance of minimum allottee thresholds, and the different rights afforded to homebuyers have been addressed in the course of this research. The challenges of non-cooperative debtors and the practicalities of executing orders issued by the National Company Law Tribunal (NCLT) have also been examined. Through a study of recent legal developments and case laws, this paper provides practical insights aimed at assisting home buyers in understanding real estate insolvency under IBC. The author's main intent is to provide a clear picture of the rights available to home buyers and a simplified and uniform structure of solutions via precedents of the hurdles faced in the implementation and adjudication of the same.