New rules let financial creditors seek exemption for financially sound projects from bankruptcy proceedings, potentially protecting homebuyers from construction delays and registration hurdles caused by defaults elsewhere in a developer’s portfolio. IBBI has amended its insolvency regulations to enable project-wise resolution of stressed real estate projects, strengthen financial oversight and disclosures, and increase homebuyers'. The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments to the CIRP Regulations, 2016.