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of <h1>Companies Bill 2011: Revival Plan for Sick Companies Includes Restructuring, Management Changes, and Asset Sales</h1> The Companies Bill, 2011, outlines a scheme for the revival and rehabilitation of sick companies. The company administrator is responsible for preparing a revival scheme considering the draft submitted with the application. The scheme may include financial reconstruction, management changes, amalgamation with other companies, takeover by solvent companies, asset sales or leases, rationalization of personnel, and other necessary measures. It may also involve debt repayment, rescheduling, or restructuring, along with any incidental or supplemental actions required to implement these measures effectively.
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