Government of India closed ______ and established National Company Law Tribunal and National Company Law Appellate Tribunal. A. IIFCL B. BIFR C. SICA D. Both (A) and (C) E. None of the Above

1 Answer

Answer :

 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).

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Last Answer : Answer: National Company Law Tribunal

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Last Answer : Explain the following concept: National Company Law Appellate Tribunal (NCLAT)

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Last Answer : Answer: Supreme Court within 60 days

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Last Answer : Explain the following concept: National Company Law Tribunal (NCLT)

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Last Answer : BIFR - Board of Industrial Finance and Reconstruction

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Last Answer : What is the answer ?

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Last Answer : answer:

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