at differently and the changes could help do that a resolution plan for a real estate project cannot be the same as that of say a cement company or a power company where there are no thirdparty interests at present if a builder goes into insolvency then its net worthpositive projects that are doing well and are profitable also get stuck subsequently a big coc is formed and homebuyers of those projects that have very few units have no say at all in such cases members of other projects decide their fate he said moreover it will also be easier to find investors resolution applicants projectwise he addedmihir said in the current structure a resolution is difficult to reach approval of resolution plans after a case is admitted in the nclt would just be around 10 im aware of very few he addedprashant thakur senior director of real estate consultant anarock said if insolvency proceedings are initiated only against specific projects that have defaulted rather than the entire company it would minimise the disruption to a companys operations and potentially preserve value for stakeholders additionally it may help increase the chances of a successful resolution as the focus can be on specific distressed assets rather than the broader company he saidajay kaul a jaypee homebuyer however wondered if bringing in the changes would be adequate i think an altogether new set of bankruptcy codes for homebuyers must be considered that will ensure flats can be delivered to homebuyers in the quickest possible time he said