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Definition | : | Board of Industrial and Financial Reconstruction |
Category | : | Governmental » Departments & Agencies |
Country/ Region |
: | India
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Popularity | : |
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Board for Industrial and Financial Reconstruction (BIFR) was a board set up by the Government of India, in order to tackle the problem of industrial sickness, under the purview of Sick Industrial Companies. It had been established as a quasi-judicial body in the Department of Economic Affairs, Ministry of Finance, for revival and rehabilitation of potentially sick undertakings and for closure/liquidation of non-viable and sick industrial companies.
The full form of BIFR is Board of Industrial and Financial Reconstruction
Board of Industrial and Financial Reconstruction