1Senior Vice President, IDBI Capital Market Services Ltd.
2Senior Research Fellow, Institute of Management Studies, Banaras Hindu University, Varanasi, U.P.
3Professor, Institute of Management Studies, Banaras Hindu University, Varanasi, U.P.
Online published on 10 October, 2016.
Indian textile industry occupies a place of special significance in Indian economy. Its economic contributions are enormous in terms of employment and income generation. However, due to a host of internal as well as external problems, this sector is overburdened with stressed assets. The recent economic downturn made the situation even worse, forcing many companies to go into liquidation. CDR support was provided to textile industry so as relieve the industry from the pressure of stressed assets. This study presented the case of five textile industries that received CDR support. The performance of the five indicated that CDR has met with partial success in the revival of textile companies.
Corporate Debt Restructuring, Performance, Stressed Assets, Textile Industry
