What does BIFR mean? What is the full form of BIFR?
The full form of BIFR is Board of Industrial and Financial Reconstruction. It’s used on Governmental ,Departments & Agencies in India
Board for Industrial and Financial Reconstruction (BIFR) was a board set up by the Government of India, in order to tackle the problem of industrial sickness, under the purview of Sick Industrial Companies. It had been established as a quasi-judicial body in the Department of Economic Affairs, Ministry of Finance, for revival and rehabilitation of potentially sick undertakings and for closure/liquidation of non-viable and sick industrial companies.
BIFR
means
Board of Industrial and Financial Reconstruction
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