In Indian law, industrial sickness is a category for severely underperforming, loss-making industrial companies.
Definition The Sick Industrial Companies (Special Provisions) Act, 1985 defines a "sick industrial company" as "an industrial company (being a company registered for not less than five years) which has at the end of any financial year accumulated losses equal to or exceeding its entire net worth".
References
Sick Industrial Companies (Special Provisions) Act, 1985, http://legalpundits.com/Content_folder/SICKA24092008.pdf https://www.scribd.com/doc/19150346/Industrial-Sickness-of-India
Further reading Industrial Sickness, According to information compiled by. RBI from scheduled commercial banks, as of March 31, 2001. http://indiabudget.nic.in/es2001-02/chapt2002/chap79.pdf F.M. Scherer and David Ross, Industrial Sickness in Private and Joint Sectors, http://isid.org.in/pdf/wp4.pdf