Restructuring can be carried out either under the corporate debt restructuring mechanism or under JLF, but if not found to be feasible, JLF will initiate recovery measures. JLF formation will be mandatory for distressed borrowers, engaged in any type of activity, with aggregate fund based and nonfund based exposure (AE) of ₹ 1000 million and above.
Non-adherence to regulatory guidelines has been disincentivised by way of accelerated provisioning. 22.