Introduction on Business Restructuring :

One of the dictionary meanings of the word “restructuring” is “rearrangement”. Thus, business restructuring refers to a rearrangement of the corporate structure. In today’s world, along with increasing focus on globalisation and liberalization, there is free competition amongst businesses. As a result, corporates are trying to identify opportunities so that they can command a presence in the market. They are redefining their strategies, looking at core competency and trying to create a value for the shareholder in a competitive business environment. This has given rise to business restructuring.