FAQ: Why is the Supreme Court Delaying its Final Verdict on the DHFL “Scam” (?) Cases?

FAQ: Why is the Supreme Court Delaying its Final Verdict on the DHFL “Scam” (?) Cases?

Posted on 25th February, 2025 (GMT 17:00 hrs)

ABSTRACT

The Supreme Court’s delay in delivering a final verdict on the DHFL scam cases stems from multiple complications. These include legal confusion due to the merger of PCHFL with Piramal, and concerns over judicial bias favoring the BJP and its alleged connections to the scam. Additionally, the CBI’s closure report, absolving the Wadhawan brothers of criminal charges, further complicates the matter. The victims of the scam are left waiting, with accusations of cronyism impacting the delay in justice.

 In this post, we will focus on a significant concern echoed by nearly all the DHFL victims regarding the current “legal” status of the DHFL “scam” cases. 

Frequently Asked Question (FAQ): What is causing the apex court to take so long to deliver the final verdict on the DHFL Cases

 After the “final” hearing (as per record) of the DHFL cases on November 28, 2024, there has been no update regarding the Supreme Court of India’s “reserved order” on the DHFL cases, all of which have undergone multiple hearings by the apex court.

Moreover, the defense dynamics (WHO IS RESPONDENT, WHO IS DEFENDANT, WHO IS APPELLANT FOR WHOM?) in the DHFL cases have become increasingly perplexing, primarily due to the strategic merger of PCHFL with PEL, which has rendered PCHFL legally unaccountable in the questionable “acquisition” (or adverse possession?) of DHFL.

Hence, all those who previously legally “represented” DHFL under the Wadhawan administration “now” represent PCHFL under Piramal, or wait a second, PEL?!?

 We have covered this “hotchpotch” in detail in our earlier post here:

https://onceinabluemoon2021.in/2024/11/07/dhfl-victims-know-your-judge-justice-bela-m-trivedi/

https://onceinabluemoon2021.in/2024/11/12/whos-who-sgi-tushar-mehta-and-the-dhfl-scam/

 The Bigger Picture: A Web of Crony Corruption

This seems to be the principal reason why the final judgement is being DEFERred, viz., guarding the crony interests of the BJP-Piramal Nexus, which has been disclosed beyond a shadow of doubt. Remember?

Let us reiterate some of the keywords: Mr. Piramal (Mr. Mukesh Ambani’s relative)’s alleged involvements spanning the Flashnet Scam, Electoral Bonds Scam…and of course, the DHFL “scam” as perhaps a “return gift”!  

Hence, this becomes a A POINT OF DEFER-ANCE.

See more about this in the following posts:

https://onceinabluemoon2021.in/2023/09/13/dhfl-return-gift-to-piramal-for-flashnet-scam/

https://onceinabluemoon2021.in/2024/01/03/quid-pro-quo-bjp-and-ajay-piramal/

https://onceinabluemoon2021.in/2024/03/17/ajay-piramals-contributions-to-the-electoral-bonds/

https://onceinabluemoon2021.in/2024/05/11/beyond-pretensions-narendra-modi-and-ajay-piramal/

 Taken together, the last two points (The Apex Bench’s BJP-orientation and the Piramal-BJP Nexus ) contribute to a realm of Derridean DifférAnce, i.e., differing and deferring simultaneously!

An honest and true-to-the-fact verdict in relation to the DHFL cases from the Supreme Court of India would lead to a “face loss” for the BJP-Piramal crony collusion, perpetuated through the predetermined RBI-appointed Committee of the Creditors (CoC)! It is important to note that the CoC faced pivotal challenges (and consequently experienced a “face loss” situation) multiple times in the NCLT (19.05.2021) and the NCLAT (27.01.2022)!

Can one expect the same, particularly in light of the increasing saffronization of the Indian Judiciary by the current ruling party of India, thereby blurring the rigid distinction between the political executive and the “independent/neutral” judiciary?

Explore the reasons behind our last statement and discover the insights we have to share in this regard:

https://onceinabluemoon2021.in/2024/09/13/heading-towards-a-theocratic-judiciary/

https://onceinabluemoon2021.in/2024/02/03/the-legitimation-crises-of-the-indian-judiciary-a-failing-state-of-affairs/

https://onceinabluemoon2021.in/2024/01/13/saffronization-of-judiciary-an-open-letter-to-the-chief-justice-of-india/

https://onceinabluemoon2021.in/2022/09/02/do-you-have-faith-in-the-contemporary-indian-judiciary/

https://onceinabluemoon2021.in/2024/02/03/the-legitimation-crises-of-the-indian-judiciary-a-failing-state-of-affairs/

 Still Waiting for Justice!

Last but not the least:

In this seemingly unending fiasco, we, the DHFL victims, are helplessly waiting for the Special Delhi Court to respond appropriately to the Closure Report (in the form of a clean chit) submitted by the CBI in January 2025 , absolving the Wadhawan Brothers of all allegations of “Criminal conspiracy”  due to insufficient evidence. This point has sufficient strength to potentially reverse the DHFL verdict in favour of the interests of the financially abused DHFL victims. 

It is important to note that until the Special Delhi Court delivers its seemingly decisive verdict, the Supreme Court of India will not be able to proceed with or affirm its final ruling on the DHFL “scam” cases.

 See more on this last point in the following recent posts in particular:

https://onceinabluemoon2021.in/2025/02/23/the-dhfl-scam-a-simulated-hoax/

https://onceinabluemoon2021.in/2025/02/01/piramal-bound-the-dhfl-gordian-knot-movie/ovie/

https://onceinabluemoon2021.in/2025/01/25/dhfl-scam-unmasking-truths-behind-bjps-political-vendettas/

 In the grand circus of delays (defer), diversions (differ), and withheld “reserved orders,” the DHFL victims remain the only ones truly “reserved”—for endless waiting.  As the BJP-Piramal Nexus plays its high-stakes game of quid pro quo , the judiciary’s silence speaks louder than any verdict. But make no mistake—justice deferred and differed is justice denied, and the longer this game drags on, the clearer the manufactured/engineered/crafted nature of the DHFL “scam” becomes. 

Stay vigilant, stay vocal, stay active!