Sick Units Removal Deletion Letter


Sample Declaration for Coming Out of Sick Unit Under BIFR Format in Word Doc

XYZ LIMITED, manufacturers of STEEL Coils having its factory at Khapoli, Maharashtra became SICK Company and referred to BIFR on ………………..  The net worth of the Company got eroded as per details given below:-


Year
Net Loss
Net worth




























Subsequently a rehabilitation package was sanctioned by the Board vide Sanction letter No. ………………………… dated ……………………….  Meanwhile, the performance of the company started improving and the net worth became positive as follows:


Year
Net Profit/Loss
Net worth





































In the year _________, the Company approached the Board and requested for deletion of their name from the list of SICK Companies and the same was approved by the Board and the name was deleted vide letter No. ____________ dated ____________.

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