With effect from 01 December 2016
Alps Industries had filed a Reference with Hon'ble Board of Industrial & Financial Restructuring (BIFR) under Section 15 of the SICA which was registered vide letter dated 29 June 2010 and vide Order dated 06 December 2010, the Company was declared as "Sick Industrial Company" under Section 3 (1) (o) of the SICA.Now due to enactment of Sick Industrial Companies (Special Provisions) Repeal Act, 2003 (1 of 2004) w.e.f. 01 December 2016, the reference of Company with BIFR under SICA has stand abated.
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