Corporate Debt Restructuring (CDR)
Corporate debt restructuring refers to the realignment of a business entity that is under fiscal distress due to its outstanding commitments and obligations and infuses liquidity into business operations to keep it afloat.
Corporate Debt Restructuring is the framework where financial institutions and banks restructure companies' debt facing financial difficulties due to various factors to provide at the right time for such businesses.
CDR is the process employed by companies for avoiding the default risk of facing a cash crunch or financial distress.