Whalesbook
Project-specific insolvency ka naya rule
Ab suno asli baat. NCLAT ne clearly bola hai ki agar homebuyers kisi real estate company par insolvency ka case karna chahte hain, toh woh sirf us project tak seemit rahega jahan default hua hai. Matlab, agar kisi ek building mein problem hai, toh poori developer group ki dusri projects, jo theek chal rahi hain, woh safe rahengi. Yeh decision IBBI ki recommendations ke saath match karta hai, jo kehte hain ki recovery entity-based nahi, project-based honi chahiye.
Developers aur Investors par kya hoga asar?
Is rule se developers, jaise Raheja Developers, jinke alag alag projects hote hain, unke liye kaafi fayda hai. Poori company ko ek saath insolvency mein jaane se bachaya ja sakta hai. Lekin ab unhe har project ke finance aur risk ko alag se manage karna padega. Investors ke liye bhi acchi khabar hai, kyuki unhe pata hoga ki kis project mein kitna risk hai. Jaise ki Krishna Housing Scheme jaisi affordable housing projects mein agar default hota hai, toh insolvency sirf usi scheme ke liye hogi.
Regulatory scene mein yeh kaisa fit hota hai?
Yeh sab ek bade regulatory move ka hissa hai, kyuki India mein real estate sector mein kaafi projects atke hue hain. Homebuyers ab financial creditors ban gaye hain, aur 2018 ke baad se unhe insolvency proceedings shuru karne ka haq mila hai. IBBI ki ek committee ne bhi April 2026 mein report di thi ki focus entity recovery se hatakar project completion par hona chahiye. IBC aur RERA Act 2016 ko bhi isi tarah coordinate karne ki baat chal rahi hai taaki kaam jaldi ho.
Phir bhi, challenges toh rahenge hi
Haan, lekin is rule ke baad bhi sab kuch ekdam smooth nahi hoga. Jo project insolvency mein jayega, woh ab bhi lambi aur mushkil process se guzrega. Project ko complete karne ke liye funding milna ab bhi ek challenge ho sakta hai, bhale hi sarkar madad kare. Bade projects, jaise ki Krishna Housing Scheme jismein 1,644 units hain, unki insolvency manage karna apne aap mein complex hai. Raheja Developers jaise companies ke upar pehle bhi legal issues aaye hain, jaise 2022 mein fraud ke FIRs. Toh, insolvency ek project tak seemit ho sakti hai, par underlying operational risks phir bhi rahenge.