What happens if bonds borrower defaults

What happens if bond payment or interest payment is defaulted by entity raising money.
Do we have chance of ever getting the money back or is it gone case.
Is there any provision to ensure that we get at least our invested amount.


Well, now with IBC process, bondholders are considered as creditor alongwith bank and other creditors. Based on resolution process you will be paid out some % of original amount. DHFL is going through this process and should be a good test case