The paper identifies procedural gaps in disclosure, decision-making, and consistency across CIRPs, particularly in real estate cases, incomplete asset disclosure, dominance of unregulated financial creditors in the CoC, and the absence of recorded reasons for recommending liquidation. The main proposals include mandatory inclusion of allottees and their treatment in the Information Memorandum and resolution plan, comprehensive disclosure of receivables, joint development agreements, and attached assets, safeguards to ensure operational creditor participation where no financial institution is represented, and mandatory recording of CoC’s rationale when recommending liquidation over a viable resolution plan. The Feedback/ comments from stakeholders are invited.