The National Company Law Appellate Tribunal (NCLAT) has reaffirmed that insolvency proceedings initiated by homebuyers against real estate firms must be confined to the specific project where a default has occurred. This ruling aims to safeguard the interests of stakeholders in unrelated projects. The NCLAT emphasized that jeopardizing other projects would not benefit homebuyers or stakeholders involved in those ventures. In a recent case involving Raheja Developers, the tribunal confined the ongoing Corporate Insolvency Resolution Process (CIRP) to the 'Krishna Housing Scheme,' which is part of the Affordable Housing initiative in India. The scheme includes 11 towers and offers 1,644 residential units. The NCLAT stated that claims from creditors and stakeholders must also be limited to this specific project. This decision follows an earlier order from the New Delhi Bench of the National Company Law Tribunal (NCLT), which had admitted a Section 7 application from flat buyers of the Krishna Housing Scheme due to construction delays exacerbated by the COVID-19 pandemic.