A glimpse of what is Corporate Debt Restructuring, and how it is implemented in India with practical cases.

1. Corporate
Debt
Restructuring

2. Table of Contents
What is Corporate Debt Restructuring ?
01
Timeline in India
02
Methods
03 CDR Structure & Implementation in India
04
05 Current Scenario in India
06 Cases

3. What is CDR ?

4. To revive the company.
For protecting the interests of Stakeholders, investors
and other lending parties.
For:-
1. Credit facility from more than one financial
institution.
2. Total more then 100 million
A voluntary/compulsory process under which banks
and financial companies aid those companies, who
are facing financial difficulties due to internal or
external factors, to restructure their debts.

5. Timeline
2008
2012
2013
2001
CDR +
Non-CDR
Revised the
master
guidelines and
made the final
guidelines.
Master
Guidelines
RBI
guidelines.
75% creditors
to agree.
(Based on
London
Approach)
2018
In 2018, IBC
replaced CDR
completely with
SDR scheme.
(Including NCLT)

6. CDR Structure in India
03
01
02
CDR Cell
CDR Empowered Group
CDR Standing Forum

7.  Studies Preliminary Report.
 Feasibility check
 Package is made.
CDR Empowered Group
• First Authority.
• Preliminary Report.
• 30 Days time frame.
CDR CELL
 Representative body.
 Policy & Guideline
Implementation.
 Exclusion of NBFC’s and
Co-operative banks.
CDR Standing Forum

8. Nagarjuna Fertilizers Case

10. Methods
1
2
3
4
5
Alteration of
Share Capital
Variation of
Shareholders
Rights
Reeducation of
Share Capital
Compromise/
Agreement
Surrender of
Shares
Third TrimesterFM2FM II
Presentation.xlsx

11. TATA Bhushan Case

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13. YES Bank Case

14. QUESTIONS ?

15. Thank you!

16. Prepared By: Ruwaab Thakkar
Submitted to:
Dr. Narayan Baser