Word Count : 1075

---

Industrial sickness refers to a situation in which an industrial unit becomes financially unviable and unable to generate adequate returns to sustain its operations, repay debts, or meet its obligations. Over time, especially in developing economies, industrial sickness has emerged as a serious concern due to mismanagement, outdated technology, poor demand forecasting, infrastructural bottlenecks, and adverse economic policies. Government policy in relation to industrial sickness has evolved with the objective of identifying sick units at an early stage, reviving potentially viable enterprises, protecting employment, safeguarding financial institutions, and facilitating the closure of non-viable units in an orderly manner. The main features of such policy reflect a balance between rehabilitation and liquidation. One of the primary features of government policy is the early identification of sick industrial units. Timely detection is essential to prevent further erosion of capital and assets. Governments have established criteria to determine sickness, such as continuous cash losses, erosion of net worth, and default in repayment of loans. Financial institutions and banks are required to monitor the performance of borrowing units and report signs of distress. This systematic monitoring mechanism enables corrective measures before the situation becomes irreversible. Another significant feature is the institutional framework for revival and rehabilitation. Governments have created specialized bodies or tribunals to deal exclusively with sick industrial companies. These institutions are empowered to examine the financial position of the enterprise, assess its viability, and recommend appropriate remedial measures. The aim is to provide a structured and legal mechanism for resolving industrial sickness rather than allowing chaotic closures or prolonged uncertainty. Through such bodies, the government ensures coordinated action among creditors, __________ _________ _________ ___ _______ ______ __________.
________ _______ _____ _____ _______ __________.
__________ _____ ____ ________ ________ ___ ______ _________ ___.
__________ ____ __________ ________ _____ ____ __________ ______.
_________ __________ _______ _______ ______ ___ __________ _______ _______ ____.
____ _______ _______ ___ ______.
___ _______ ___ ____ ______ ________ _____ ______.
______ _________ ______ _______ ______.
_____ ________ __________ ______ _________.
___ _____ ______ ________ ______ _______ ______.
________ ______ _____ __________ ______.
________ ____ _______ ________ ___.
___ ___ _________ ______ ____ ___.
_________ _________ ________ _________ _________ __________ _______ _____ __________.
___ ________ ____ _______ ______.
_______ ___ ____ ____ ______ _______ __________ ______.
________ ____ ___ _________ _____ ______ ______ ___ __________ ____.
______ __________ __________ _______ _____ __________ ______ ____ ________ ____ _________ _________.
_________ _____ _______ ___ _________ ___ _______.
________ _________ _________ ________ ____ __________ __________ _______ _______.
___ _____ ________ ______ ______ __________ ___ ____ _______.
________ ____ ___ __________ ___.
_____ __________ ___ _______ ____ _________ ________ ___ _______ __________ ___ ________.
__________ ____ _________ ______ __________ _________ ____ __________ ________ ___.
_______ _________ __________ ____ ______ __________ ______.
________ __________ _______ ___ _____ _______ ________.
_________ ___ _____ _____ ____ _________ _________ ____ _________ ____ _______.
_______ ______ _________ __________ _____.
___ ______ __________ ________ ____ __________ ___ ______ ___ ___ __________ __________.
______ _______ ______ ___ ______ ___ _________ _________ _________ _________ _____ _____.
_________ __________ ____ _________ ____ ____ ________ _______.
__________ ___ ______ _____ _____ ______.
___ ____ ________ ________ _____ ____ ______ _________ _________ ______.
_________ ____ _______ _______ ___ _________ _________ ________.
____ _______ _______ ______ ______ ______ ___.
__________ ____ _________ _________ ____ ________ _________ _____ ______ _______.
____ ________ ____ ______ ___ _________ ______ ________ __________.
_______ ___ __________ _____ ____ _________.
_______ ________ ___ _____ _____ _________ ___ ________ __________ __________.
_________ ______ _____ ______ ____ ________.
____ ______ _________ ____ _____ ___ ___ ________ ____.
__________ ____ ___ ____ _________ ___ ________ __________.
___ _______ _____ _________ ____ ___ ______ _______ __________ ___.
___ ____ ______ ___ ______ _____ _____ ________ ____ ________ ___.
__________ __________ _________ _____ ___ __________ ___ ______ ____.
_________ ______ ___ _______ _________ _______ _________.
_____ ____ __________ _______ __________ ____ __________ _________.
_____ _______ __________ _______ _________ ____ _____ _________ ________ _________.
_____ _____ __________ ______ ____.
______ ________ _____ ______ ____ ___ __________ _____.
_________ ___ ____ _________ _____ ____ __________.
_________ ___ ___ _____ _________ __________ _______ __________ _________ ___ ___.
______ _____ ____ ______ __________ ______ _________ _______ ________ ______.
______ __________ ___ ______ _________.
_______ _______ ____ ______ ________.
_______ ___ ________ ___ _________ ______ ____ _________ _____ _____.
___ _____ _____ ____ ________ _________ ______ ______ ___ ___ ________ _______.
_________ ________ _____ ______ ______ ___ ____ ____.
______ ______ ________ ____ _______ ______ ___.
_________ ___ _______ ___ ____ _______ ____ ___ _____ _____ _____ ___.
________ _________ ____ ______ __________ _______ __________ ____ _______.
______ _____ _________ _______ ______ ____ __________.
____ ________ _________ ______ __________ _________ __________ ____.
__________ _____ ___ _______ ________ __________ _______ _____ ____ __________ ______.
______ _________ ___ _________ _______ __________.
______ _______ ____ _______ _______ _____ ______ _______ __________ ___ __________ ____.
________ __________ _______ ___ ______ ___ __________.
________ ___ ______ __________ __________ ____ _______ ________ ______.
_____ _________ ____ __________ ___ ________ __________ _____.
______ ______ _________ __________ ________ ____ ________ ____.
___ ___ _______ _______ __________.
___ _____ _______ ___ _______ _______ ___ ____.
________ __________ ______ ________ _____ __________ _________ _________ ____ _________ __________.
_________ _________ ________ __________ _______ ________.
____ __________ ___ ___ _____ _____.
_____ ________ __________ ________ ___ _____ ________.
_______ _____ __________ ____ ________ ___ __________ __________ _______ ___.
__________ ___ __________ ____ ________.
_____ ___ ________ _________ ___ ____ ___ ____ ___ ___.
___ ________ _________ _______ ____ _________ ________ ________ ________ ______ _______ _________.
_________ ______ __________ ___ ___ _____ ____ _______ ___ _______.
______ _________ _______ _______ ____ _____ ____ ____.
________ _______ ____ __________ _________ ______ ______.
_____ _____ ______ _________ ________ _________ _________ ________ _______ ___ _________ __________.
_____ ________ _________ ______ ________ __________ ____ ____ ___.
____ ____ ___ ______ __________ ___ ____.
___ _____ _________ ______ __________ _________.
________ __________ _____ _______ _______.
__________ _________ __________ __________ ______ _________ ___ _____ ________ _______ ______ ______.
_________ ______ _______ __________ _______ ___ __________ _________ ________ ___.
________ ____ _______ ______ _________ __________ _______ ____ ______ _______ ___.
_____ _____ ______ ____ ____ ________ _________ ________ __________ ____ _________.
_____ __________ _____ _______ ______ ___ ______ ________ __________ ________.
_______ ________ ____ ______ __________ ______ _______ _______ ______.
________ _________ _____ ________ ________ _________ ______ _____ ________ __________ ________.
_______ _________ __________ ______ _____ _______.
_______ _________ _________ __________ _______ ________ ____ __________ ________ __________.
Get Full Answer on WhatsApp