Corporates, Banks Taking Undue Advantage of CDR Mechanism ; Some Corporate Houses and Banks Are Taking Undue Advantage of the Corporate Debt Restructuring Mechanism

For the last two years, ferro alloys maker Balasore Alloys Ltd, an Ispat Group company, has been trying to get out of the corporate debt restructuring (CDR) package it agreed to in 2009. It maintains it has better financials now than were projected when the package was finalised, and says the terms ... (Publication: Business Today)