However, due to the extraordinary rise in the number and volume of advances being restructured under the scheme in recent times, it has come under media scanner, and engaged the attention of the financial market players, the borrowers, the  BIS central bankers’ speeches  1  regulators and the policy makers.
However, it appears that the provisions of the CDR mechanism have not been used very ethically and judiciously, giving rise to the unprecedented increase in cases under CDR. 4. Viability criteria, a critical element in any restructuring, and its assessment brings into picture a number of professionals apart from the essential counterparties to a loan agreement, i.e. the borrowers and the lenders.