Once in a Blue Moon Academia (OBMA)

  Piramal’s Legal Firm vs DHFL Victims: A Chronological Collage Piramal’s Legal Firm vs DHFL Victims: A Chronological Collage Posted on 20th March, 2025 (GMT 17:13 hrs) ABSTRACT Mr. Ajay Piramal’s legal firm, DSK Legal, has been targeting DHFL victims and OBMA members with defamation and contempt cases since March 2023. The cases aim to silence dissent against Ajay Piramal’s allegedly controversial acquisition of DHFL by PCHFL, an entity that is now merged with Piramal Enterprises Ltd. The legal actions seem to lack coherence, with apparently poor research and notarization of irrelevant documents. Victims have received emails allegedly from the Bombay High Court, but no detailed or mentionable official records are available as of yet. The article calls for continued digital activism to investigate and expose Mr. Piramal’s alleged ties to the BJP and possible financial misconduct. Where  the mind is [NOT] without fear and the head is  [NOT]   held high Where ...

 The Great Anachronism: Putting the Cart Before The Horse—The DHFL “Scam”   The Great Anachronism: Putting the Cart Before the Horse—The DHFL “Scam” Posted on 10th March, 2025 (GMT 08:21 hrs) ABSTRACT The article critiques the handling of the DHFL case, arguing that legal actions preceded proper investigations and production of evidence, leading to unjust outcomes for the DHFL victims. In 2019, the Wadhawan brothers were penalized without trial and justification, and payouts to FD and NCD holders were halted as DHFL was placed under the flawed IBC framework. Despite irregularities flagged by the NCLT and NCLAT in 2021-22, the Supreme Court’s stay order allowed Mr. Piramal to acquire DHFL, which was later merged into PCHFL and consequently into the Piramal Enterprises. In January 2025, the CBI closed the case, clearing the Wadhawans of all allegations of “criminal conspiracy”. The article argues that state-corporate interests dictated the process, subverting justice and likenin...

  DHFL “Scam” Circus: The Great Hotchpotch DHFL “Scam” Circus: The Great Hotchpotch Posted on 16th February, 2025 (GMT 09:30 hrs) ABSTRACT The article dissects the DHFL case with flowcharts, posters, and satire. It highlights corporate maneuvers, particularly Ajay Piramal’s acquisition of DHFL through PCHFL. This was followed by mergers and demergers, which the article describes as a strategic legal-financial move, especially after the CBI cleared the Wadhawan brothers of wrongdoing. The article also addresses legal confusion, noting that misrepresentation regarding legal counsel led to an apology to Kapil Sibal and A.M. Singhvi, clarifying that they have always represented the Wadhawans, not Piramal’s PCHFL. Lastly, it critiques the state-corporate nexus, arguing that the RBI-appointed Committee of Creditors (CoC) and the Corporate Insolvency Resolution Process (CIRP) primarily benefited corporate entities at the expense of small investors. Comparing the DHFL saga to a Bollyw...