A panel suggests bankruptcy proceedings should focus only on stressed real estate projects, not the entire company. This aims to protect homebuyers in solvent projects and speed up resolutions. The Insolvency and Bankruptcy Board of India panel also recommended raising the minimum default threshold to Rs 5 crore. These changes could impact developers like Jaypee and Unitech facing insolvency.
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IBBI panel suggests project-wise insolvency resolution for real estate sector
