Commercial's The Sick Industrial Companies Special Provisions Act 1985 Bare Act 2027

OVERVIEW

Commercial's The Sick Industrial Companies (Special Provisions) Act, 1985 (Act 1 of 1986, dt. 8-1-1986) is an exhaustive, practical statutory reference work published by Commercial Law Publishers (India) Pvt. Ltd. in knowledge partnership with lexlegis.ai. Presenting the updated 2027 Edition (Book Code S-7), this bare act with short comments provides an unedited, authoritative statutory text essential for corporate restructuring, industrial revival, debt recovery history, and historical SICA litigation across Indian tribunals and courts.

This edition incorporates complete statutory and subordinate legislation, including The Sick Industrial Companies (Special Provisions) Repeal Act, 2003 (dt. 1-1-2004, w.e.f. 1-12-2016), along with all rules governing the Board for Industrial and Financial Reconstruction (BIFR) and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR). It features complete regulatory provisions regarding conditions of service, administrative/financial powers, chairman/member allowances, and secretary powers for BIFR and AAIFR.

As an essential corporate and industrial law manual, this best law book India volume serves as an indispensable desk reference for insolvency practitioners, corporate attorneys, financial advisors, banking consultants, candidates using it as a guide for judiciary exam preparation (commercial and corporate law papers), and law students India studying corporate revival and debt restructuring jurisprudence.

KEY FEATURES

• Publisher & Knowledge Partner: Published by Commercial Law Publishers (India) Pvt. Ltd. in collaboration with lexlegis.ai.

• Edition & Code: 2027 Edition (Book Code S-7).

• Principal Act & Repeal Act Enclosed: Contains the full text of SICA 1985 along with The Sick Industrial Companies (Special Provisions) Repeal Act, 2003.

• Exhaustive BIFR & AAIFR Rules: Compiles all 8 BIFR and AAIFR regulations/rules covering financial, administrative, and procedural powers.

• Short Comments Included: Features point-to-point notes for quick legal reference and procedural understanding.

• Binding Type: High-durability, lightweight Paperback edition, designed for continuous chamber consultation and court carry.

WHAT THIS BOOK COVERS

• The Sick Industrial Companies (Special Provisions) Act, 1985 (Act 1 of 1986):

  • Definitions, references to BIFR, inquiry into sick industrial companies, and preparation/sanction of rehabilitation schemes

  • Winding up of sick industrial companies, operating agency powers, and immunity/suspension of legal proceedings

• The Sick Industrial Companies (Special Provisions) Repeal Act, 2003:

  • Provisions relating to repeal (enforced w.e.f. 1-12-2016) and transition to IBC/NCLT mechanisms

• Enclosed BIFR & AAIFR Rules and Regulations:

  • Board for Industrial and Financial Reconstruction Regulations, 1987

  • BIFR (Conditions of Service of Secretary and Officers) Rules, 1987

  • BIFR (Financial and Administrative Powers) Rules, 1987

  • BIFR (Salaries & Allowances and Conditions of Service of Chairman/Members) Rules, 1987

  • BIFR (Secretary's Powers and Duties) Rules, 1987

  • AAIFR (Conditions of Service of Secretary and Employees) Rules, 1989

  • AAIFR (Financial and Administrative Powers) Rules, 1987

  • AAIFR (Secretary's Powers and Duties) Rules, 1988

WHO SHOULD BUY

• Corporate Litigators & Commercial Advocates: Lawyers handling legacy industrial revival cases, corporate debt disputes, and NCLT transition matters.

• Insolvency Professionals & Financial Advisors: Professionals researching historic BIFR/AAIFR scheme implementations and debt recovery frameworks.

• Judiciary & Corporate Law Candidates: Aspirants preparing for Judicial Services, IBBI examinations, and corporate compliance tests.

• Law Students India: Scholars pursuing LL.B, LL.M, and corporate law diplomas studying industrial restructuring laws.

WHY THIS BOOK 

• All-in-One Statutory Framework: Combines principal SICA legislation, 2003 Repeal Act, and all 8 BIFR/AAIFR rules in one volume.

• Essential Transition Reference: Crucial for understanding legacy SICA proceedings migrated to the Insolvency and Bankruptcy Code (IBC).

• High-Yield Short Comments: Provides concise legal notes for rapid statutory lookup during research.

PRODUCT DETAILS

• Title: Commercial's The Sick Industrial Companies (Special Provisions) Act, 1985 Bare Act with Short Comments

• Publisher: Commercial Law Publishers (India) Pvt. Ltd.

• Knowledge Partner: lexlegis.ai

• Language: English

• Edition: 2027 Edition

• Format: Paperback

• MRP: ₹195.00

BENEFITS

• Understand Industrial Restructuring: Gain full statutory context on BIFR schemes and corporate revival processes.

• Access Subordinate Rules Seamlessly: Reference exact administrative and procedural BIFR/AAIFR rules without switching texts.

• Convenient Desk Companion: Compact paperback layout ensures easy carrying and study.

CALL TO ACTION

Master Corporate Restructuring & Industrial Law: Upgrade your commercial law library with Commercial's updated SICA 1985 Bare Act with short comments. Order your 2027 Edition copy today!