The recent Board for Industrial & Financial Reconstruction (BIFR) ruling on the ailing Tyre Corporation of India Ltd (TCIL) is likely to create fresh bottlenecks while formulating a draft rehabilitation scheme (DRS) which may cast a shadow not only on the revival package but also on the long-term operations of the tyre division.
The BIFR ruling, following a meeting on April 22, had directed TCIL operating agency, Industrial Development Bank of India (IDBI), to prepare a composite DRS giving full details for the company's tyre unit at Kakinara and the industri