TaxTMI 
TaxTMI 
Corporate Debt Restructuring
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....orporate Debt Restructuring <br>News and Press Release<br>Dated:- 29-4-2016<br><BR>The Corporate Debt Restructuring (CDR) mechanism is an organizational framework institutionalized for speedy disposal of restructuring proposals of large borrowers availing finance from more than one bank/ Financial Institution (FI). This mechanism is available to all borrowers engaged in any type of activity subjec....
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....t to the following conditions:- (i) The borrowers enjoy credit facilities from more than one bank/FI under multiple banking/syndication/consortium system of lending. (ii) The total outstanding (fund-based and non-fund based) exposure is ₹ 10 crore or above. CDR system in the country has a three tier structure consisting of CDR Standing Forum and its Core Group, CDR Empowered Group and CDR....
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.... Cell, which are housed in the Industrial Development Bank of India Ltd. Details of cases taken up for consideration by the CDR Cell and their disposal status during the period March 2010 to December 2015 are given in the table at Annexure. Annexure CORPORATE DEBT RESTRUCTURING CELL PROGRESS REPORT (As on Dec 31, 2015) (Rs. in Crore) Period Total References Received by CDR Cell Cases Rejec....
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....ted before Admission or Approval Cases under consideration of CDR EG Total Cases Approved (1) (2) (3) (4) No. of cases Aggregate Debt No. of cases Aggregate Debt No. of cases Aggregate Debt No. of cases Aggregate Debt Mar-10 256 115990 32 7050 9 4641 215 104299 Mar-11 305 138604 42 9667 21 18023 242 110914 Mar-12 392 206493 59 20817 41 35161 292 150515 Mar....
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....-13 521 297990 87 36894 33 32083 401 229013 Mar-14 622 429989 111 57540 35 42005 476 330444 Sep-14 638 446156 121 65581 12 12968 505 367607 Dec-14 647 452940 122 65925 5 6130 520 380885 Mar-15 655 474002 125 70998 - - 530 403004 Jun-15 655 474002 125 70998 - - 530 403004 Sep-15 655 474002 125 70998 - - 530 403004 Dec-15 655 474002 1....
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....25 70998 - - 530 403004 (Source: CDR Cell) This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.<BR> News - Press release - PIB....