ISSN- 2350-0530(O), ISSN- 2394-3629(P) [Agrawal et. al., Vol.5 (Iss.2): February, 2017] ICV (Index Copernicus Value) 2015: 71.21 IF: 4.321 (CosmosImpactFactor), 2.532 (I2OR) InfoBase Index IBI Factor 3.86 Http://www.granthaalayah.com ©International Journal of Research - GRANTHAALAYAH [92] Management CORPORATE DEBT RESTRUCTURING IN SCHEDULED COMMERCIAL BANKS IN INDIA: AN ANALYSIS CA Gopal Prasad Agrawal *1 , Dr. Anil Kumar Swain 2 , Aswini Kumar Bhuyan 3 *1 Practising Chartered Accountant, Bhubaneswar, India 2 Associate Professor P.G. Department of Commerce Utkal University, Bhubaneswar, India 3 Research Scholar (M. Phil), P.G. Department of Commerce, Utkal University, Bhubaneswar, India DOI: https://doi.org/10.29121/granthaalayah.v5.i2.2017.1708 Abstract After nationalisation, the Banking activities expanded multi-folds, the banking system in India faces many problems. One of such problems is the vast number of Non-Performing Assets in the banks’ balance sheet. To ensure proper functioning of the banking system in the economy, we need to see that the level of NPAs is kept down. In spite of many fold developments, adverse development of accumulation of NPAs to place over the period, several tools / methods of managing NPAs were tried such as Lok Adalats, Debt Recovery Tribunals, SARFAESI Act, Corporate Debt Restructuring and many more. Cleaning up of the Bank Balance Sheets is essential and urgent to boost growth in coming years, independent loan review mechanism and sale of unproductive assets are some of the ways to arrest the rising NPAs. Since the quality of advances in India particularly the corporate stressed advances are quite poor and huge in comparison to other Asian Pacific emerging countries, if the NPAs are not managed properly there is every chance that the capital and reserves of Banks shall not to able to meet the losses arising on account of write off of Bad Loans. Keywords: Banking, Scheduled Commercial Banks; Npas, Balance Sheet; Corporate Debt Restructuring; Lok Adalats; Debt Recovery Tribunals; SARFAESI Act; Emerging Economy. Cite This Article: CA Gopal Prasad Agrawal, Dr. Anil Kumar Swain, and Aswini Kumar Bhuyan. (2017). “CORPORATE DEBT RESTRUCTURING IN SCHEDULED COMMERCIAL BANKS IN INDIA: AN ANALYSIS.” International Journal of Research - Granthaalayah, 5(2), 92-112. https://doi.org/10.29121/granthaalayah.v5.i2.2017.1708. 1. Introduction The practice of lending and borrowing is millenniums old. The Banks’ primary activities are to advance loans to the needy people. The concept of banking was incepted ever since humans started engaging in economic transactions of any kind. The banking system has evolved since