Corporate Debt Restructuring is aimed at rescuing those corporates, which without their fault have sunk into the quicksand of debt. Any suitable restructuring program may put the corporates back on the right financial track, provided the causes and remedies of the corporate ills have been diagnosed with clinical precision. The article deals with the related issues.

Neither a borrower nor a lender be, is the oft repeated quote from the famous and prolific quill of William Shakespeare. But in a developing economy like today's "both a borrower and a repayer be", may be the appropriate slogan, to all those aspiring borrowers who step into the portals of lending institutions. A moment's thought bestowed by the borrower would reveal that the source of this aid is from the hard earned and prudently saved amounts of millions of the fellow beings.

In this perspective, the arrangement to borrow is not an end in itself, but is only a beginning of a financial tie that enjoins every borrower. That tie would be the continuing obligation during the tenor of the arrangement and the promise to honor his part of the commitment in the transaction so that the very sourcethat helped the borrower in needis not deprived when it is in need. But, as it does happen now and then, though the borrower has all the genuine intentions to honor his obligations under the arrangement and though the lender does exercise all his powers of foresight and judgment, default in honoring the obligations occurs owing to circumstances beyond the control of both the lender and the borrower.

Treasury Management Magazine, Corporate Debt Restructuring, CDR, Project Management, Reserve Bank of India, RBI, Non-Performing Asset, NPA, liquidity Management, Business Strategies, Gross Domestic Product, GDP, Industrial and Financial Reconstruction, Fund-Flow Management.