The Board, as a policy matter, has decided to extend certain financial relief to sick Indutries in respect of outstanding dues to enable them to revive their operations. Accordingly, Board vide B.R. No. 698 dated 11-10-1977 and as further amended vide B.Rs. No.976 dated 20-4-1978, No. 1018 dated 10-5-1978 and No. 1098 dated 28-6-1978 and No. 1287 dated 24-10-1978 has laid down certain guidelines mentioned below for extending concessions to sick units for their revival. Board also had authorised T.M. (T&D) and A.M. to decide such cases.

     With a view to quicken the process of revival of sick industries particularly the smaller units, Board reconsidered the issue and vide Board Resolution No.l604 dated 12-3-1979, has decided to delegate these powers of granting concessions to the Zonal Chief Engineers.Zonal Chief Engineers are now authorised to decide such cases in consultation with the Dy. Chief Accounts Officer or A.O. of their office strictly in accordance with the guidelines detailed below. However, Zonal Chief Engineers will decide and approve only such cases where concessions do not exceed Rs.5 lakhs. They should also submit a quarterly report, of individual cases decided by them in the proforma attached herewith to H.O addressed to Chief Engineer (RE & Com).

      All the field officers are hereby directed to  refer all cases of sick industrial units to their respective Zonal Chief Engineers for decision. The cases involving total concessions of more than Rs. 5/-lakhs should be referred to the C.E. (RE & Com) through their respective zones for the approval of the T.M (T&D) and A.M. as hitherto. The concessions so declared are in force upto the end of September, 1979. The guidelines on the basis of which the concessions are to be granted are as detailed below: