In different ways and to varying degrees, all of these forms of behaviour share a common characteristic: they may seem reasonable, even compelling, when considered in isolation, but they can result in undesirable outcomes once the system-wide impact of collective action is taken into account. III.
The contours of the approach to be adopted for other non-performing accounts are being worked through. We must, however, stress that the exercise of powers by the RBI vested in Sections 35 AA and 35 AB cannot be a regular, steady state approach. The lenders have been adequately empowered under the IBC to take necessary action upon default.