Q.What is meant by industrial sickness?

Industrial sickness describes an industrial unit whose financial health has deteriorated to the point where it cannot meet its obligations from its own resources. …

Industrial sickness refers to a state of chronic financial distress in an industrial undertaking. A unit is generally regarded as sick when it has recorded continuous cash losses over a defined number of years and has suffered substantial erosion of its net worth as a result, so that it can no longer meet its financial commitments — repayment of loans, payment of interest, wages, or dues to suppliers — out of its own resources. …

Students sometimes describe sickness only as making a loss in one year, missing the requirement of continuity and net-worth erosion tha …