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    BIFR considers Cimmco Birla a sick industrial company

    BIFR has considered Cimmco Birla a sick industrial company.

    January 05, 2011 / 17:16 IST
    Cimmco Birla Limited has informed the Exchange that in response to the application made by the Company, Hon'ble Board for Industrial and Financial Reconstruction (BIFR), on consideration of the submissions made, material and facts on record, has noted that the Company has ceased to be 'sick industrial company' within the meaning of Section 3(1)(o) of the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). Accordingly, the Hon'ble BIFR vide its order dated December 15, 2010 has discharged the Company from the purview of the provisions of SICA/BIFR.
    Source : BSE
    first published: Jan 5, 2011 05:16 pm

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