CDR in India Reserve Bank of India (RBI), the central bank, promoted CDR Voluntary, non-statutory Banks/financial institutions are standing signatories (CDR members) to the Inter Creditor Agreement, which sets forth procedures and obligations; non-members can join on a case-by-case basis Debtor's lead bank (or a consortium) holding 20%+ of debtor's debt can initiate proceedings Institutional: one CDR body does case intake, another viability assessment, another formulates plan with creditors, another monitors implementation, etc.
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