In a relief to homebuyers, assets in a real estate project that have been handed over to the allottee will be kept out of the liquidation process of the company, as per latest amendment to rules by the Insolvency and Bankruptcy Board of India (IBBI). Insolvency regulator IBBI has introduced significant changes to the liquidation process, providing relief for specific home buyers and requiring a key role for a stakeholder consultation committee (SCC), made up of creditors of the company under liquidation, in essential operational aspects overseen by the liquidator. The latest move of Insolvency and Bankruptcy Board of India is expected to bring confidence to stakeholders in the liquidation process. Home buyers with allotted and possessed housing units in stalled projects can now rejoice as their homes are now protected from being included in the ‘liquidation estate’ of such projects. The latest amendments embody a pivotal step towards enhanced accountability, transparency and stakeholder-centricity by increasing participation of the SCC and thus fortify inclusivity and answerability within the process.