Corporate Debt Restructuring (CDR) Mechanism in India

The idea of Corporate Debt Restructuring (CDR) was acquainted with the India when in the year 2001, the Reserve Bank of India (RBI) thought of specific rules to be trailed by banks and other money related organizations. The RBI expressed that the idea of CDR is a non-statutory and intentional procedure where if 75% of the lenders (by esteem) choose to help the organization, the other 25% of the lenders will likewise have the consent to help the organization through the procedure of CDR. The CDR is accessible just to those organizations which have numerous financial balances and has assumed acknowledgment from different loan specialists. Additionally, the exceptional measure of obligation of the considerable number of banks and loan specialists ought to be 100 million or above in total. It covers all classifications of advantages ordered by the RBI as far as prudential resources grouping principles.

Corporate Debt Restructuring (CDR) Mechanism in India - (mylawyersadvice.com)

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