51. The Sick Industries Companies Act (SICA) has a narrow definition of sickness and cannot deal with incipient or potential sickness. Managements have been able to use the BIFR route to abdicate their legitimate responsibilities. Under the present dispensation workers, financial institutions, banks and government are often the losers. I have initiated a total review of SICA and the working of BIFR and I intend to bring a new Bill in the winter session of Parliament.
