IBBI issues revised Form CA to simplify the claims filing process for real estate allottees
To improve homebuyer participation and claims verification in real estate insolvency cases, IBBI has introduced a revised version of Form CA. The change also supports the collection of project-level information and the preparation of resolution plans.
Highlights
- Under its circular dated 2 June 2026, IBBI amended Form CA, splitting it into two parts for claims filed by real estate allottees.
- Financial creditors, including real estate allottees, must now submit their claims using the revised Form CA, while previously filed claims do not need to be resubmitted.
- The amendment will make claims verification, project-level data collection, and the process for resolution professionals more structured and standardized.
This article was translated from the original. Read the original version by our correspondent here.
Structure and scope of the revised Form CA
According to Insolvency and Bankruptcy Board of India, the amendment follows a recommendation by the committee tasked with developing guidelines for insolvency proceedings in the real estate sector. The committee said that a simplified, allottee-specific claims form could increase homebuyer participation. It also noted that such a format would make claims verification easier and help collect the project-level data needed to prepare information memorandums and resolution plans.The amendment partially modifies IBBI circular number IBBI/CIRP/94/2026, dated 2 June 2026. Form CA, issued under Regulation 8A and used by a class of financial creditors to submit claims, has now been divided into two parts: Part I is for financial creditors who are not real estate allottees, while Part II is specifically for real estate allottees.
Potential impact on the insolvency process
All financial creditors in a class, including real estate allottees, must file their claims in the revised Form CA on or after the date of this circular. However, claims filed in the old Form CA before that date do not need to be resubmitted.The regulator said the circular was issued using the powers conferred under Section 196 of the Insolvency and Bankruptcy Code. The move could make the claims process in real estate insolvency cases more standardized, while also helping resolution professionals verify claims and compile project-specific information in a more structured way.
Our previous report detailed the Enforcement Directorate's attachment of assets belonging to Earth Infrastructure Limited and its related entities in a money laundering case linked to real estate in Delhi-NCR. It covered allegations of the misuse of funds allegedly collected from homebuyers and investors, fund diversion, and unfinished projects, as well as the scope of the investigation and the next steps.
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