The Co. had applied to (BIFR) Ministry of Finance, Govt. of India, Jawahar Vyapaar Bhawan, 1-Tolstoy Marg, New Delhi, Pin-110001 for reg u/s 15(1) of SICA, 1985. The aforesaid reference has been regtd by the Board as case no.67/2012. After several hearings by the Ld. BIFR the application was not accepted on 19.02.2014.Then Co. filed an appeal No. 78/14 against the order of BIFR dt. 19.02.2014 before Appellate Authority for Industrial & Financial Reconstruction & the said authority on 03.12.2014 set aside the impugned order of BIFR & remand the matter back to BIFR for reconsideration of submission of all the parties and pass order afresh after giving specific finding via reasoned order. SICA has been repealed w.e.f 01.12.2016 MCA, Govt….
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