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Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2014 what is Corporate debt reconstructring(cdr) ? If company is filing for cdr is it good or bad?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 March 2014 CDR refers to process under which financial institutions who have lent to business entities work together to help company revitalize itself through recast of its debt position.

getting into CDR shows that company is in a mess and is considered bad. However, where CDR package is accepted at terms favorable to company and where the company is able to come out of CDR successfully is a good thing.

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2014 thanx 4 showing ur interest upon the query. but can i check the name of companies who filed for cdr? is der is any website den please refer here

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 March 2014 I dont think there is any credible comprehensive list available for the same in public domain.

you can get the total of amounts, and sectoral position at this link http://www.cdrindia.org/statistical.htm

rest you can do google search

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2014 Sir thanx again but i was knowing about this site in this site under reading portal there is list is given like iron & steel ,cement co.battery etc.but specifically can i get the individual name ??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 March 2014 as I said for that you can do google search..atleast you will get the details of big names as such news is widely covered. but there is no entity wise list available as such.

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2014 sir m not getting thats why am asking from u bcz my company has filed for cdr and it is for sure but still m not knowing how to check it properly??and please please give some explanation regarding cdr like is banker approval require for making any payement

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 March 2014 well if your company has filed CDR, then you need to contact the CDR cell for the status of your application or contact the lead bank in the consortium.

With regards to payments, it shall depend on the conditions put in the terms of sanction etc.

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2014 sir am like a new kid in the block i cant ask frm my boss neithr i can contact with bank about it bcs..u know the reason i guess i just want to get my self aware thats it and thanx for ur answer indeed i mean it

Querist : Anonymous

Querist : Anonymous (Querist)

05 March 2014 sir is bankers approval require for making any payment on behalf of company ??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 March 2014 as I said before it shall depend on case to case. in certain cases bank take total control of the bank A/cs and dont permit for any expense which is not pre-approved. further if there is an escrow mechanism, banks have a lot more control over the cashflows.

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