Once in a Blue Moon Academia (OBMA)

  DHFL Fraud Uncovered: It’s Time to Make the Gatekeepers Pay! Posted on 30th July, 2025 (GMT 12:55 hrs) ABSTRACT This mass appeal highlights the collective plight of lakhs of small depositors adversely impacted by the Dewan Housing Finance Corporation Ltd. (DHFL) financial scandal, exposing significant lapses in auditing, credit rating, and regulatory oversight. Despite glaring irregularities and large-scale fraud involving over ₹31,000 crore, statutory auditors and leading credit rating agencies repeatedly (and reportedly) failed in their fiduciary duties, issuing allegedly misleading assurances that betrayed public trust. The present appeal calls for urgent institutional accountability through independent disciplinary action by regulatory bodies including NFRA, ICAI, SEBI, and RBI, alongside demands for restitution mechanisms for affected depositors. It also underscores the need for enhanced transparency in insolvency resolution processes and structural reforms to prevent r...

  Don’t Let Justice Be Overruled: Honouring NCLT and NCLAT in the DHFL Debacle Posted on 14th July, 2025 (GMT 11:29 hrs) ABSTRACT In the long and convoluted journey of the DHFL insolvency saga, two quasi-judicial bodies—NCLT and NCLAT—stood out for their timely, bold, and procedurally sound interventions. From directing a reconsideration of the 100% offer to identifying discriminatory irregularities in the resolution process, these tribunals prioritized justice over expediency. This post is both a thanksgiving and a public appeal: NCLT and NCLAT must not allow their principled findings to be buried by later Supreme Court overruling. In an era of post-truth, let institutional memory resist judicial amnesia. In Connection With To The Hon’ble Members, National Company Law Appellate Tribunal (NCLAT), New Delhi National Company Law Tribunal (NCLT), Mumbai Subject:   Grateful Acknowledgement and Request for Upholding Judicial Integrity in the DHFL Resolution Matter Hon’ble Memb...

  Many Tongues, One Resistance: Plea to the Distressed DHFL Victims Posted on  14/07/2025 (GMT 23.35) ABSTRACT This plurilingual public appeal by OBMA addresses the defrauded depositors of DHFL, emphasizing the systemic failure of justice under crony capitalism in India. While recognizing the limitations of domestic legal remedies, it calls for peaceful civil resistance and international intervention through the UN Human Rights system (OHCHR). The article encourages mass mobilization via petitions, specifically targeting celebrity endorsement accountability (Shah Rukh Khan) and audit-credit rating failures. It frames this as a collective struggle for visibility, justice, and institutional memory. Multiple translations amplify inclusivity and reach. Dear DHFL Victims, We at OBMA share your deep sorrow and frustration. In a regime where cronyism trumps justice, reclaiming your hard-earned money has become a near-impossible struggle. While the judiciary may appear compromise...