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Eight years of IBC resolution history gives a firm indication of smaller recovery or larger haircuts with the delay in resolution. The more lenders take time to resolve an insolvency / recovery process under IBC, it takes higher cost. Borrowers tend to use up more assets at their disposal leaving lesser cash available for settlement. It is in the interest of the lenders to make faster settlement agreement and to protect the available assets / cash to improve the quantum of their recovery through IBC.