New Delhi, March 9 -- The government has dropped its plan to amend the bankruptcy law to introduce a special regime for real estate developers, letting creditors instead decide whether individual projects of a distressed developer should be sold piecemeal or as a whole. Last month, the bankruptcy rule maker granted creditors such flexibility, and the government wants to first see how this works, two persons informed about the development said. The bankruptcy law treats a distressed company as a single entity for debt resolution; But, given the complexities of the real estate sector, the corporate affairs ministry had considered treating individual real estate projects separately. The ministry's original idea was to modify provisions of the Insolvency and Bankruptcy Code (IBC) for the purpose, and to specify such a carve-out for the sector in law. But, the proposal will not make it to the IBC Amendment Bill, said one of the two persons quoted above....