企业债务重组方案中英文外文文献翻译2017.docVIP

本科毕业设计（论文） 中英文对照翻译 (此文档为word格式,下载后您可任意修改编辑!) 文献出处：Brunner A. CORPORATE DEBT RESTRUCTURING SCHEME[J]. The Review of Economic Studies, 2017, 2(1)：31-45. 原文 CORPORATE DEBT RESTRUCTURING SCHEME Brunner Amy STRUCTURE OF THE CORPORATE DEBT RESTRUCTURING MECHANISM The corporate debt restructuring mechanism system has a three-tier structure. At the top is the Corporate Debt Restructuring Standing Forum and its Core Group. At the second layer is the corporate debt restructuring Empowered Group and thereafter we have the Corporate Debt Restructuring Cell. The Corporate Debt Restructuring Forum has as its permanent members Chairmen and Managing Directors of all banks, financial institutions such as the Industrial Development Bank of India, Industrial Finance Corporation of India and Chairman of Indian Bank Association. The Life Insurance Corporation of India Unit Trust of India can also participate in it. As the very structure and representative character of the Standing Forum suggests, this body is there essentially to lay down the policies and guidelines as to how the system of corporate debt restructuring should operate and thereafter review and monitor the programme. As a policy making body it lays down the important parameters to be taken into account in restructuring e.g. minimum level of promoter sacrifice, maximum period to be taken into account for a unit to become viable, which complicated cases should get special treatment, etc. The guidelines are also supposed to address the modalities for enforcement of the corporate debt restructuring mechanism, the time frame within which it should be done and as to how to deal with the operational difficulties which might be experienced in the functioning of the Empowered Group. One important area of concern of the guidelines is ensuring that over optimistic projections (e.g. of capacity utilisation of the plant, future demand of products, price expected from the sale of products , margin of profit in operations, raw materi