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Synopsis Corporate restructuring is the generic term for the general reorganizing that a company may undergo to reorient itself for the changing business and other environments and to sustain its advantage in the business. The reorganization may make the company more efficient and hence, more profitable. Restructuring is done to manage bankruptcy and effect a turnaround of a company. Ensuring survival and improving competitiveness have been the principal drivers behind corporate restructuring. Restructuring is being driven also by other reasons such as expansion. Most restructuring candidates finetune their operations to become competitive and starting with healthy operating margins, the initiatives in restructuring are aimed at higher earnings and unlocking value for shareholders.Corporate restructuring has become a major force in the financial and economic environment. In the context of liberalization and globalization of the economy, restructuring is the latest buzzword in corporate circles. Companies are competing with one another for excellence and competitive edge, experimenting with various tools and ideas. The change of environment at the national and international level has brought about a radical change in the way business is conducted and restructuring has become a continual process for most corporates in order to sustain and expand the business.In this context, this book, The Icfai University Press on Corporate Restructuring – Concepts and Cases, will make useful reading capturing the important concepts of corporate restructuring and highlighting some practical cases in corporate restructuring.