Alok industries, pre & post corporate insolvency resolution process

If I asked a stock trader to put their money in a company which has just come out of the insolvency resolution proceedings, they’d probably just ignore me. But who knew back in February 2020 that this multibagger, ‘Alok Industries’ a bankrupt company taken over by Mukesh Ambani’ Reliance Industries, would give returns more than 300 % within 3 months, hitting 17 consecutive upper circuits. Little do the people who come into stock market for these rallies know the reality behind such su rge. This study aims to discuss the history, fall and the rapid comeback of this company, which would be impossible if it would not have been for legislations like IBC, 2016 The study aims to give a brief about the background and birth of the company, factors that led to its fall, the process under IBC, and its acquisition by Reliance Industries Limited and J M Finance.