I feel that to strengthen the Code further, we need to work on following four dimensions: A. The big picture in resolution: A comprehensive law like the IBC is often viewed as a last resort by the lenders – an avenue that needs to be explored after exhausting all alternatives.
However, this view stems from the lack of a comprehensive vision for the future of a beleaguered borrower. Various classes of lenders are governed by disjoined set of out-of-court resolution frameworks 8  that applies separately to each class of lender.