Even as banks struggle to keep their non-performing assets in check, the number of loan cases referred to Corporate Debt Restructuring cell touched an all-time high since its inception in 2001-02. Till January, 2011-12; banks referred 69 cases for different companies with a total exposure of Rs 52,787 crore, a senior banker told Moneycontrol.com.
SP Tulsian of sptulsian.com feels the focus of both the directors – Vinod Goenka and Shahid Balwa – will put the company back on track. He also mentioned that the debt restructuring plan will be good for the company itself as well as GTL Infra