If lenders and the stressed borrowers are unable to put in place a credible resolution plan within the timelines, then the structured insolvency resolution process under the IBC should take over. 16. Let me highlight some other noteworthy features.
Owing to our extraordinary joint efforts, we managed to avoid it. If we did not live in a globalised world, in which we depend on each other, it is disputable whether we would have managed to develop the vaccines within only ten months after the pandemic broke out.