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What is Board for Industrial and Financial Restructuring mean?
The Board for Industrial and Financial Reconstruction (BIFR) was an agency of the Government of India, part of the Department of Financial Services of the Ministry of Finance. Set up in January 1987 by the Rajiv Gandhi government, its objective was to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. On 1 December 2016, the Narendra Modi government dissolved BIFR and referred all proceedings to the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) as per provisions of Insolvency and Bankruptcy Code.
reference| Full Form | Category |
|---|---|
| Board for Industrial and Financial Restructuring | Business |
| Board of Industrial and Financial Reconstruction | General |
| Bureau of Industrial Financial Reconstruction | General |
| Board for Industrial Financial Reconstruction | General |
| Brambles Injury Frequency Rate | General |
| Bureau of Industrial and Financial Reconstruction | Governmental |
| Bureau of Industrial and Financial Refurbishment | Governmental |
| Board for Industrial and Financial Reconstruction | Indian Ministry of Finance |
| Bivariate Increasing Failure Rate | Maths |
Posted on 06 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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