What is meant by " Sick Industrial Company " ? Answer: "Sick - TopicsExpress

What is meant by " Sick Industrial Company " ? Answer: "Sick industrial company" means an industrial company which has- (i) the accumulated losses in any financial year equal to fifty per cent, or more of its average net worth during four years immediately preceding such financial year; or (ii) failed to repay its debts within any three consecutive quarters on demand made in writing for its repayment by a creditor or creditors of such company;

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