TABLE OF CONTENTS Chapter I: Introduction; 1.1 Research Methodology; Chapter II: Section 391-393: The Procedure and the Role of the Tribunal; 2.1 The Role of the Tribunal under Section 391(1); 2.2 The Role of the Tribunal under Section 391(2); 2.3 The Role of the Tribunal under Section 392; Chapter III: The Debt Restructuring Scheme of Arvind Mills with its Creditors 3.1 Background; 3.2 Application under Section 391(a); 3.3 Salient Features of the Scheme; 3.4 The Meeting of the Class of Creditors; 3.5 Application under Section 391(2); 3.6 Effect of Restructuring; Chapter IV: A Comparative Analysis of Corporate Restructuring under Section 391-391 and Part VI A of the Companies Act of 1956; 4.1 The Objective and Scope; 4.2 Applicability; 4.3 The Procedure and the Role of the Tribunal; Chapter V: Conclusion and Suggestions; BIBLIOGRAPHY