Posts

Showing posts with the label #CronyCapitalism

Money Taken, Votes Taken, SLAPPed: A DHFL Retrospective

Image
  Money Taken, Votes Taken, SLAPPed: A DHFL Retrospective Posted on 24th September, 2026 (GMT 07:25 hrs) ABSTRACT On 24 September 2026 we write in the light of The Indian Express report: two Election Commissioners of India objected fourteen times to roll changes, Form 6 and control of the voter database, while the Election Commission of India still called every decision unanimous. The DHFL Depositors have watched the same grammar inside the DHFL CoC. A vote is manufactured, dissent is filed away, and the person on the line is told the count is final. Depositors recovered 23 percent; Oaktree’s stronger bid was set aside; Ajay Piramal took fraud-recovery claims estimated at ₹45,000 crore for ₹1. Multiple RTIs produced no figure for CIRP costs. Then Piramal Capital sued us for ₹100 crore — a SLAPP of defamation and contempt against research and RTIs. Money taken. Votes taken. Then the summons. They took the depositors’ money. They kept the power. They used that power against the depos...

“RUPP Tera Mastana”: Shell Parties and Simulacra

Image
  “RUPP Tera Mastana”: Shell Parties and Simulacra Posted on 13th September, 2026 (GMT 19:02 hrs) The Political Party as a Fiscal Enterprise in Contemporary India — and the case for a moneyless, partyless commons ABSTRACT This article argues that a growing subclass of Indian parties is not janaseva (public service) but a fiscal enterprise—the party as limited company—whose tax and registration privileges are harvested whether or not it fights an election. The 2025 BBC News Hindi investigation of six Gujarat Registered Unrecognised Political Parties (RUPPs) is the entry: about ₹1,700 crore in FY 2023–24 donations against fifteen Lok Sabha candidates. From that mismatch it names the shell party, analogue of the shell company: a valid, vacant recipient whose use is fiscal (or, as with the NCPI merger of twenty TMC MPs, parliamentary). A four-provision interlock—RPA 1951 §29A; Income Tax Act §§13A, 80GGB, 80GGC; Companies Act §182—run in reverse, turns taxable income into a deduction p...