he said if somebody who invested in a business in 1996 based on assurance of coal availability by the government could not have predicted that 20 years later coal blocks would get cancelled leaving the entire investment in jeopardytalking about ibc he said it has been a good step in instilling fear in promoters of losing the company but he said just for a few hundred crores of rupees more if the bidding process is delayed the entire purpose of the law will be defeatedwhat is sacrosanct is that we stick to the ibc time line if that is not met then the delay can lead to the asset getting junked he warneddue to the ibc there is awareness among borrowers that they need to change the way the business is done a promoter cannot siphon off the money and run the company down and still continue to be the ownerfrom the bankers side they need to move from balance sheetbased lending to cash flowbased lending he addedon the power sector npas where the allahabad high court is hearing a petition challenging the february 2012 rbi circular he said the sector is stressed and there is a need to fix it for the continued growth of the economyon msme lending he said it is becoming easier because of availability of information and the move from balance sheet to cash flowwhat you have to realise is that balance sheet is a one day affair that is information on a particular day whereas in the cash flowbased lending banks or any lender they have access to availability of cash or how the enterprise is performing he said