Some correction:
While previous mechanism like CDR and restructuring did provided for moratorium and debt repayment to align with Cashflow, as per IBC act, just on default (not even on being NPA, i.e. 90 days overdue payment), lender/operational creditor/employee/service provider can refer the company to NCLT. So there is no requirement theoritically for B to negotiate settlement with A. That is being change from previous regime.
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