Finance is the life blood of business. A unit may fall sick because of a major lubricant i.e., finance. There are various mechanisms available to a firm for revival. Financial Restructuring is a favored mechanism for firms in red. Whatever the type of business, an appropriate financial structure is crucial if growth and development are to be nurtured. The financial structure needs to provide maximum flexibility, overlaid against the need for cash flows, working capital, and a return on investment. A company also needs to build in protection against risks, such as interest and exchange rate fluctuations, seasonal economic changes, slow paying debtors and illness or premature death of key players, etc.
Key-words: Financial restructuring, Corporate Debt Restructuring, OTS