Challenging the IBC: No Shortcuts, No Surrenders! (DIGITAL POSTERS)

Posted on 29th December, 2024 (GMT 14:20 hrs)

ABSTRACT

This collage of posters emphasizes the need for unwavering determination in challenging the Insolvency and Bankruptcy Code (IBC) without resorting to compromises or half-measures. It highlights the DHFL case as a crucial battleground, where systemic flaws in the IBC must be exposed to prevent exploitation by powerful corporate players. The message is clear: true justice demands resilience, not convenient shortcuts. The posters are intended to inspire collective action and raise awareness about the broader implications of this struggle.

’Tis the final conflict,
Let us unite and tomorrow,
The International Solidarity
Shall be the human race!

DHFL VICTIMS: THE FINAL BATTLE FOR JUSTICE BEGINS!

Lakhs of small investors of DHFL—FD holders, NCD holders, and ordinary citizens—stand at the edge of a Supreme Court verdict on the DHFL Scam. The Insolvency and Bankruptcy Code (IBC, 2016), touted as a reformative tool, has instead exposed deep contradictions within its own provisions, prioritizing corporate elites over the hard-earned savings of the “99%.”

But this is more than a case—it’s an ideological fight against systemic injustice meted out by the agents of crony capitalism. The DHFL case was projected as a test case for legitimizing the IBC by treating DHFL victims as mere guinea pigs, and hence, its outcome (whether it be positive or negative) will set a serious precedent for every Indian citizen who treads the troublesome path of justice, fairness, and accountability. Since the IBC serves as the primary “premise” or backbone enabling Mr. Ajay Piramal’s alleged adverse acquisition of DHFL via the mediation of the RBI-appointed CoC, challenging and exposing the flaws in this framework becomes pivotal. Once this shaky premise collapses, the path to justice for DHFL victims will finally be clear.

https://onceinabluemoon2021.in/2024/06/14/scrap-ill-conceived-insolvency-and-bankruptcy-code-ibc-2016/

NOW IS THE TIME TO RAISE OUR VOICES!
Given below are six consecutive posters (may be updated) challenging the IBC without an excuse or hesitation. Share. Repost. Amplify. Stand united against corporate greed and systemic bias. Together, we can ensure the judiciary stands with We, the People, and not just a privileged few.