BIFR definition

BIFR means Board for Industrial & Financial Reconstruction.

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BIFR means the Board for Industrial and Financial Reconstruction.

BIFR means the Board for Industrial and Financial Reconstruction set up under the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985 and shall include references to (i) any statutory agency, authority or body set up, constituted, organised or recognized as a successor to it; (ii) any statutory agency, authority or body set up to whom any powers, functions or duties under such Act are transferred, assigned or delegated; or (iii) any court, tribunal, other judicial or quasi-judicial body, whether in existence or constituted for this purpose, to whom the powers, functions or duties under such Act are transferred, assigned or delegated.

Examples of BIFR in a sentence

• In case of Small Scale Industries (SSI) of Rajasthan, it shall be 1% of the amount of quantity ordered for supply of goods and in case of sick industries, other than SSI, whose cases are pending before the Board of Industrial and Financial Reconstruction (BIFR), it shall be 2% of the amount of supply order.

• In case of Small Scale Industries (SSI) of Rajasthan, PSD shall be 1% of the amount of quantity ordered for supply of goods and in case of sick industries, other than SSI, whose cases are pending before the Board of Industrial and Financial Reconstruction (BIFR), it shall be 2% of the amount of supply order.The Bid Security of the successful bidders may also be adjusted with Performance Security Deposit (PSD) for the entire project period.

• In case of Small-Scale Industries of Rajasthan it shall be one percent of the amount of quantity ordered for supply of goods and in case of sick industries, other than Small Scale Industries, whose cases are pending before the Board of Industrial and Financial Reconstruction (BIFR), it shall be two percent of the amount of supply order.

• If the Company is declared a sick undertaking under the provisions of the Sick Industrial Undertakings (Special Provisions) Act, 1985 or if a reference has been made to BIFR by a creditor under the said Act and the Company has not resolved the complaint or is nationalized or is under the management of the Central Government.

• In case of Small Scale Industries (SSI) of Rajasthan, it shall be 0.50% of the amount of quantity ordered for supply of goods and in case of sick industries, other than SSI, whose cases are pending before the Board of Industrial and Financial Reconstruction (BIFR), it shall be 1% of the amount of supply order.

• Should the other Party enter into liquidation proceedings, either voluntary or compulsory, or become insolvent, or becomes a case for BIFR or if execution be levied on any goods and effects of the other Party or the other Party should enter into receivership or bankruptcy.

• This facility shall also be available to units outside the purview of BIFR but operating under the State rehabilitation programme.

• In any action or proceeding to enforce rights under the Terms of Use, the prevailing party will be entitled to recover costs and attorneys' fees.

• Under the provisions of Sick Industrial Companies (Special Provision) ▇▇▇ ▇▇▇▇, the CPSEs have to be referred to Board for Industrial and Financial Reconstruction (BIFR) on their becoming sick/insolvent.

• D isclosure on winding up / sick / BIFR / disassociation / strike off from ROC: Unless stated otherwise in this Information Memorandum, none of the companies constituting our Promoter Group have become sick companies within the meaning of ▇▇▇▇ or / are under winding up.

More Definitions of BIFR

BIFR means the Board of Industrial and Financial Reconstruction.

BIFR means the Board for Industrial and Financial Reconstruction constituted under Section 4 of the Sick Industrial Companies (Special Provisions) Act, 1985 and any other statutory authority constituted in this regard.

BIFR means Board for Industrial and Financial Reconstruction. “CDR” means Corporate Debt Restructuring.

BIFR means the Board for Industrial and Financial Reconstruction set up under the provisions of the Sick Industrial Companies (Special Provisions) Act, 1985 (as may be amended from time to time) and shall include references to (i) any statutory agency, authority or body set up, constituted, organised or recognized as a successor to it; (ii) any statutory agency, authority or body set up to whom any powers, functions or duties under such Act are transferred, assigned or delegated; or (iii) any court, tribunal, other judicial or quasi-judicial body, whether in existence or constituted for this purpose, to whom the powers, functions or duties under such Act are transferred, assigned or delegated.

BIFR means Board for Industrial & Financial Reconstruction;