BIFR is Financial Word dealing with
Sick Industrial companies
BIFR stand for The Board for Industrial and Financial Reconstruction, aims to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. It was established under the sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The Board for Industrial and Financial reconstruction is an agency of the Government of India which is founded in January 1987. This Board is the part of the Ministry of finance.