Indian firms applying for debt restructuring

The global and domestic economic slowdown is beginning to affect small and mid-sized companies in the country unable to withstand their interest payments. Number of companies that have come up for debt recast with a cell promoted by all banks has almost doubled to 70 in the first six months of the current financial year as compared with 36 in the year ago period.
According to bankers, besides the usual cases of textile and sugar manufacturing units, increasingly, mid-sized iron steel units (as

Corporate Debt Restructuring, CDR Cell, debt restructuring, CDR