In order to keep pace with the dynamics of change restructuring of the Indian corporate sector has become a necessity for survival and growth in the competitive environment. corporate restructuring may be defined as a comprehensive process of rearranging and redeployment of the resources of a company with a view to achieving the basic objectives of survival, growth and profitability.Financial restructuring is considered to be the most important wing of the corporate restructuring. Good Corporate Governance requires proper and effective utilization of shareholders funds with a view to...