B. BIFR Explanation: The Sick Industrial Companies (Special Provisions) Repeal Act, 2003 replaced SICA and sought to dissolve the BIFR and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR), replacing them by the NCLT and NCLAT. The Board for Industrial and Financial Reconstruction(BIFR), an agency of GOI was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).