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BIFR

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AcronymDefinition
BIFRBoard for Industrial and Financial Reconstruction (India)
BIFRBoard for Industrial and Financial Restructuring (India)
BIFRBefore Encountering IFR Conditions


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But that was not the case, if one were to go by the number of companies approaching BIFR during 2009.
Companies seeking BIFR protection in 2009 have not jumped despite economic recession Only 46 firms moved BIFR till October, 2009, against 57 cos registered in 2008 Despite economic slowdown only 46 cos move the board till Oct, '09 against 57 in 2008 DUE to the slowdown faced by the economy over the last 12 months, the number of sick companies seeking protection under the Board for Industrial and Financial Reconstruction ( BIFR) should have gone up.
The BIFR had declared the firm sick and appointed the IDBI Bank as the nodal agency for its revival.
 
 
 
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