Corporate restructuring aims to address financial distress and improve the long-term viability of a company by implementing various strategies to restore its financial health.

The Insolvency and Bankruptcy Code, 2016 is the primary legislation governing corporate restructuring and insolvency in India. It provides a comprehensive framework for dealing with financial distress and insolvency of companies.

The Insolvency and Bankruptcy Board of India (IBBI) is responsible for regulating and supervising insolvency professionals, approving and monitoring insolvency resolution plans, and conducting awareness programs on insolvency and bankruptcy.

Liquidation involves the sale of a company's assets to pay off its creditors, while reorganization involves restructuring the company's debt and operations to allow it to continue operating.

Secured creditors have priority over unsecured creditors in the distribution of assets, they can initiate insolvency proceedings against the company, and they can veto any proposed insolvency resolution plan.

A moratorium period in corporate restructuring and insolvency serves to prevent creditors from taking legal action against the company, give the company time to develop a restructuring plan, and allow the company to continue operating as a going concern.

The Committee of Creditors (CoC) represents the interests of creditors in the insolvency process, approves or rejects any proposed insolvency resolution plan, and supervises the implementation of the approved insolvency resolution plan.

A resolution professional is responsible for managing the affairs of the company during the insolvency process, developing and implementing an insolvency resolution plan, and distributing assets to creditors in accordance with the approved insolvency resolution plan.

A scheme of arrangement involves the restructuring of the company's debt and operations to allow it to continue operating, while liquidation involves the sale of the company's assets to pay off its creditors.

The National Company Law Tribunal (NCLT) adjudicates insolvency proceedings, approves or rejects any proposed insolvency resolution plan, and supervises the implementation of the approved insolvency resolution plan.

The liquidation value in corporate restructuring and insolvency is used to determine the value of the company's assets in the event of liquidation, help creditors assess the potential recovery in the event of liquidation, and provide a benchmark for evaluating the feasibility of a proposed insolvency resolution plan.

Secured creditors have a claim against specific assets of the company, while unsecured creditors do not. Secured creditors have priority over unsecured creditors in the distribution of assets. Secured creditors can initiate insolvency proceedings against the company, while unsecured creditors cannot.

The Insolvency and Bankruptcy Code (IBC) provides a comprehensive framework for dealing with financial distress and insolvency of companies, establishes the Insolvency and Bankruptcy Board of India (IBBI), and introduces the concept of a moratorium period in insolvency proceedings.

The corporate insolvency resolution process is designed to provide a time-bound process for resolving insolvency, maximize the value of the company's assets for all stakeholders, and protect the interests of creditors.

A pre-packaged insolvency resolution plan is developed before the commencement of the insolvency resolution process, while a traditional insolvency resolution plan is developed during the process. A pre-packaged insolvency resolution plan is binding on all creditors, while a traditional insolvency resolution plan is not. A pre-packaged insolvency resolution plan is more likely to be approved by the Committee of Creditors, as it provides greater certainty to creditors.