In accordance with the Reserve Bank of India`s (RBI) Prudential Framework for Resolution of Stressed Assets, the Association of Indian Banks (IBA) has entered into an agreement between creditors (ICA) that provides details on lender meetings, voting issues, payments to dissenting lenders and additional financing. The government has taken a number of steps to help revive stalled projects. A project monitoring group has been set up as an institutional mechanism to address a wide range of problems, including the acceleration of approvals. As of 1.1.2019, more than 3,191 questions raised on the PMG portal concerning 725 expected investment projects of 29.88 aff. and 513 inter-ministerial meetings and 247 meetings with the Chief Secretary of States were held to resolve related issues and sharing. In addition, interdepartmental groups have been formed by the ministries of shipping, textiles, energy, telecommunications, renewable energy and SMEs to examine systemic issues affecting the viability and reimbursement capacity of sectors. The Inter-Creditor (ICA) agreement is facing a rejuvenation with the Reserve Bank of India (RBI) to eliminate the blocking of the liquidation of bad assets due to bottlenecks in its work. Adjust your preferences and receive a personalized story recommendation based on your interest. On 12.2.2018, the Reserve Bank of India (RBI) issued a revised Framework. The RBI reported that, in its decision of 2.4.2019, the Supreme Court referred to the above circular as non-is, which necessitated the issuance of a revised circular for the prompt and effective resolution of stressed assets. The RBI also reported that, in this context, on 7.6.2019, the RBI published a “Prudential Framework for Resolution of Stressed Assets” for the rapid settlement of the most stressed assets in a transparent and temporal manner, giving lenders full latitude in the design and implementation of resolution plans, while providing additional provisions to delay the implementation of the resolution plan or the opening of an insolvency procedure and by making agreement between creditors. In accordance with contributions received by the Association of Indian Banks (IBA), the Prudential Framework published by the RBI made it mandatory, in the circular of 7.6.2019, to sign an inter-creditor agreement prior to the drafting of the motion for a resolution for a fixed account and, in this context, the IBA drew up an agreement between the creditors and disseminated it to its member banks in order to facilitate the resolution process.