The Code also enhanced the negotiating power of operational creditors by allowing them also to make applications for initiating CIRP in respect of 5  operational debtors who are in default. Of the total CIRP cases as on December 31, 2021, over 51% of the cases had been filed by operational creditors.
If the reason for Mutual Funds not actively participating in the G-Sec market is the underlying interest rate risk, then they obviously should make use of the IRF to hedge their interest rate risk. Their active participation will give impetus to the development of the IRF market. The launch of Credit Default Swap (CDS) is impending.