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BIFR
Alok Industries, with Rs 20000 crore NPA, seeks BIFR protectionThe developments comes at a times lenders are struggling to recover their Rs 20,000 crore loan which is now classified as non-performing lo...- Khaitan Electricals approaches BIFR to declare as sick unitOn May 28, 2016, Khaitan Electricals had informed that its accumulated losses had exceeded the net worth as on March 31, 2016 and therefore...
- Zenotech Labs registered as sick co with BIFRZenotech Laboratories has been registered as a sick firm with the Board for Industrial and Financial Reconstruction (BIFR).
- Boost for debt-hit firms: JP Dua elevated as new BIFR chairmanThe delay on appointment of new chairman was severely affecting the revival prospects of companies that are within BIFR’s fold.
- Delhi High Court seeks reply of Centre on PIL seeking appointments at BIFRThe plea also claimed that in the current year, only a handful of the schemes have been sanctioned for the revival of the distressed indust...
- BIFR sole authority to move companies out of its supervision: Supreme CourtThe SC has held that the Board for Industrial and Financial Reconstruction will continue to have jurisdiction over any sick company referre...
- United Spirits to seek shareholders' nod to report to BIFRThe spirits maker had registered a string of losses for the last four years. The company is now controlled by world's largest spirits maker...
- United Spirits to report to BIFR as 50% peak networth erodedThe board of United Spirits today approved reporting of erosion of more than half of its peak networth to BIFR, the tribunal for sick compa...
- HPL's networth fully erodes, board seeks life in BIFRTCG claims networth has eroded 100% but state refuses to specify the condition; take on each other with vows to revive the company.
- BIFR approves KSML merger with Balrampur Chini MillsBalrampur Chini Mills Ltd (BCML) today said the BIFR has sanctioned merger of Khalilabad Sugar Mills Ltd with the company.
- BIFR deregisters Fert Corp; revival of 3 closed plants on cards"BIFR has given an order for de-registration of the FCIL from BIFR and the company is out of BIFR now," Fertiliser Minister Srikant Jena sa...
- HC raps Centre over failure to set up BIFR in Western regionThe Bombay High Court has pulled up the Union Government for not making any efforts to set BIFR in the Western Region.
- Govt should support BIFR to rope in experts to beef up functioning of sick cosIf other much-needed changes are implemented, it will be an adequate beginning to effectively deal with the problems of industrial sickness...
- NTC should accept Lodha bid for Finlay Mills: BIFRThe Board for Industrial and Financial Reconstruction on Tuesday ruled that National Textile Corporation should accept Lodha Developers' Rs...
- BIFR benches may be increased, says PranabThe Government is considering increasing the number of benches in BIFR, the quasi-judicial body that looks at revival of financially sick c...
- BIFR accepts Tata Steel's Rs 100 cr revival proposal for INCABBoard for Industrial and Financial Reconstruction has accepted Tata Steel's Rs 100-cr revival proposal for ailing cable manufacturer INCAB.
- Effort to stop closure of HPF failThe government's appeal against the BIFR order for winding up a sick public sector company, Hindustan Photo Films Manufacturing Company, ha...
- Proceeds from PSU sale to be redeployed in other govt firmsProceeds from sale of assets of a public sector enterprise (PSE) will not go to the Consolidated Fund of India, but would be re-appropriate...
- BIFR has powers only over 5-year-old companiesThe well-reasoned order of the Bombay High Court in the above case reveals the strategies and machinations of unscrupulous persons who seek...
- Winding up of CLB, BIFR, AAIFR questionedMembers of a Parliamentary committee have questioned the move to wind up the Company Law Board, Board for Industrial and Financial Reconstr...
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