In the present era of LPG (Liberalization, Privatization and Globalization), the term 'Corporate Restructuring' has gained a huge acceptance, globally, as it enables a firm to restructure its business mainly from financial and organizational standpoints with a view to increasing its efficiency and profitability and thereby achieving its short-term as well as long- term goals. In India, corporate restructuring also gets an enormous popularity as it results into availing huge amount of tax benefit, increasing corporate control and enhancing shareholders' value for the Indian corporate...