Allotted Houses to Stay Out of Liquidation: IBBI

21 Feb 2024 CW Team

In a significant announcement, the Insolvency and Bankruptcy Board of India (IBBI) has clarified that houses allotted to individuals will be excluded from the liquidation process. This declaration serves as a crucial safeguard for homeowners, ensuring that their allotted houses remain protected in situations involving insolvency.

The decision by IBBI aims to provide relief to individuals who have been allotted houses but may face financial distress or insolvency issues. By exempting these residential properties from the liquidation process, the regulatory body acknowledges the unique nature of homes and seeks to shield individuals from potential displacement during insolvency proceedings.

The assurance that allotted houses will stay out of liquidation reinforces the importance of protecting the rights and interests of homeowners. It aligns with the broader goal of balancing the resolution of financial matters with considerations for the well-being and stability of individuals and families who have been allotted homes.

This regulatory measure is expected to have a positive impact on the confidence of homebuyers, assuring them that their allocated residences are safeguarded from liquidation risks arising from financial challenges. The announcement by IBBI underscores a compassionate and balanced approach to insolvency proceedings, recognizing the significance of homes as essential assets for individuals and families.

Stakeholders, including homebuyers, insolvency professionals, and the real estate industry, will closely observe the implementation and implications of this directive. The move reflects a commitment to creating a more humane and equitable framework within the insolvency and bankruptcy landscape, particularly concerning residential properties allotted to individuals.

Infrastructure Transport

13 Mar 2026

NHAI Releases Annual Report On National Highways Green Cover Index

The National Highways Authority of India (NHAI) has released the first annual report on the National Highways Green Cover Index (NHGCI) that aims to assess and promote greening along the national highway network. The report establishes a baseline and sets out a framework for measuring tree canopy, roadside plantation health and ecological connectivity using satellite data and field verification. It explains the methodology, indicators and timelines for periodic assessment and notes the role of agencies, contractors and local communities in implementation. The NHGCI highlights progress in roads..

Modern Tunnels Pave Way for Safer Indore-Hyderabad Highway

Modern tunnelling techniques are being deployed along the Indore-Hyderabad highway (IH highway) to improve safety and resilience for motorists. The projects combine advances in geology, engineering and construction management to address steep terrain and weather related risks. Authorities and contractors are emphasising rigorous design standards and enhanced drainage to mitigate landslides and water ingress. The initiatives are intended to reduce accident risk and ensure reliable connectivity between key economic centres. Tunnel alignment and modern ventilation systems aim to shorten travel di..

Himachal Given Extension To Complete PMGSY Works In Dodra Kwar

The Himachal Pradesh government has granted an extension for completion of pending works under the Pradhan Mantri Gram Sadak Yojana (PMGSY) in the Dodra Kwar region. The move aims to ensure that rural road projects started under the first phase of the scheme reach completion despite challenging terrain and logistical constraints. Authorities cited heavy snowfall and limited construction windows as factors delaying progress. The extension is intended to provide additional time for contractors and local administrations to mobilise resources.\n\nDistrict officials have been instructed to prepare ..