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Essay heading: SICK UNIT AND CAUSES
 
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Issue: Social Issues
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Date added: June 4, 2008
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No of pages / words: 5 / 1193
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We can not afford the luxury of dragging on indefinitely the process of either rehabilitation or winding- up of a sick unit. We have to ensure that a sick unit is quickly rehabilitated in case it is possible to do so. It is important, however, that before any measure is undertaken, to establish whether it is worth reviving the unit at all...
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The BIFR is assigned with the responsibility of hearing cases that apply for being declared sick and deciding whether or not the unit deserves to be termed "sick." The ultimate recourse in tackling a sick unit is its liquidation by liquidators based in different parts of the country, but revival possibilities are many to avert liquidation...
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