Restructuring & Insolvency: Australia (2023)

Contents: General  Legislation  The Corporations Act 2001 (Cth) (the Act) is the primary piece of federal legislation that governs the registration, administration, insolvency and reorganisation of companies incorporated in Australia. The Act prescribes, among other things, the manner to administer and regulate the winding up, liquidation, administration and distribution of assets vested in insolvent corporations…

Corporate sector vulnerabilities in a high-rate world: Growing risks to financial stability

The unprecedented policy support deployed during the COVID-19 pandemic allowed nonfinancial corporations in many jurisdictions to navigate the pandemic shock relatively well. At the same time, the synchronised global monetary policy tightening cycle that started in early-2022 (recently reversed by several central banks) does not seem to have significantly affected corporates’ financial performance. Nevertheless, the…

Stock under Rs 20: Mukesh Ambani-backed company’s Q4 results 2025 announcement on Monday, 21 April – Markets

The stock, which is under Rs 20, is Alok Industries . As its promoter, Reliance Industries owns 40.01 per cent stake in the company. Reliance and JM Financial ARC acquired Alok Industries back in 2019 under the corporate insolvency resolution process. JM Financial Asset Reconstruction Company Limited has 34.99 per cent shareholding in Alok Industries.…

NCLAT Upholds NCLT’s Liquidation Decision After CoC Abstains from Voting

The NCLAT found no error in the NCLT’s decision, affirming the validity of the CoC’s commercial wisdom and the necessary procedural steps for liquidation The Delhi Bench of National Company Law Appellate Tribunal(NCLAT)upheld the  National Company Law Tribunal(NCLT)’s decision to approve liquidation for Sintex Plastics Technologies Ltd. following the Committee of Creditors (CoC) abstaining from…

Jaiprakash Associates attracts 25 bidders, including Adani

Jaiprakash Associates Limited (JAL), the debt-laden infrastructure giant of the Jaypee Group, has moved closer to resolving its financial woes as 25 entities, including Adani Enterprises, Dalmia Cement, Vedanta Limited, and its subsidiary Jaypee Infratech Limited, have been shortlisted as eligible bidders in its Corporate Insolvency Resolution Process (CIRP), according to a regulatory filing dated…