The book is based on extensive study on debt and liquidity position of Indian corporate sector. The study focuses on the determinants of debt capital in Indian corporate sector. It also provides the details of preference of debt capital of Indian companies in sector wise, determinants of debt maturity, the relationship between growth and long-term debt. The study may help the investors for making the right choice of investment. It may help them to choose the safest sector in India to invest. The work may give clear indication to the financial institutions mainly corporate money lenders about the preference of various types of debt capital by the companies. The discourse is divided into six chapters, including the Introduction and Conclusion. The debt structure in Indian companies is analysed in chapters II. The choice among the different kinds of debt used by the Indian companies is examined in chapter-III. The potential determinants of debt maturity of sample companies and, the relation between the growth of a company and its dependent on long -term debt are reviewed in chapter-IV and V respectively.