- Loan Restructuring:
- Lenders must decide on a resolution strategy within 30 days of default.
- Resolution plan (RP) to be implemented within 180 days from review period end.
- ICA required, with 75% value and 60% number of lenders binding all.
- Additional provisioning (20%, then 15%) for delays in RP implementation.
- Bankruptcy Resolution:
- Additional provisions reversed if resolution pursued under IBC Code.
- Half reversed on filing insolvency application, rest on admission.
- This incentivized moving cases to IBC.