Once in a Blue Moon Academia (OBMA)

 Ajay Piramal in the Ring of Fire of Controversies Posted on 06/04/2024 (GMT 10:15 hrs) In Continuation with  WHO IS AJAY PIRAMAL? VIEW HERE ⤡ As far as we know, while talking about Mr. Ajay Piramal’s previous (mis-)deeds, we have come to note the following points stretched across the past decade or so: 1. Mr. Piramal is an alleged  insider trader  (2016) 2. He is an  environmental terrorist  (for polluting Digwal, Telangana in 2019) and also who sought “blanket stay order” at the National Green Tribunal, which was rejected. In the case of the DHFL also, he wanted such a similar stay order on the “controversial” NCLAT second verdict (27/01/2022). 3. He was involved in  Flashnet Scam , 2018 (though Mr. Piramal was ready to defame The Wire, who first exposed the scam, for reporting the same, but till date: no such step has been taken by him) 4. He is  possibly  involved in  contempt of court  during the DHFL resolution process by ignoring NCLT’s first verdict (19/05/2021) and skipping th

 The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL The Impact on “Goodwill”: When ex-DHFL Administrator R. Subramaniakumar Joined the RBL Bank Posted on 15/03/2024 (GMT 16: 58 hrs) The truth is that one’s goodwill is important enough to maintain one’s position in the public sphere. The “goodwill” of Mr. R. Subramaniakumar, the former Administrator in the DHFL resolution process, was jeopardized after the DHFL scam. This was because of his involvement in the resolution process, which was allegedly in favour of a predetermined successful bidder, viz., Mr. Ajay Piramal, from the very onset. The entire resolution for an AAA-rated NBFC that was profitable, ongoing and solvent— was done as a litmus test for the ill-conceived IBC. R. Subramaniakumar, accompanied by officials in the Committee of Creditors (CoC) for DHFL such as Charu Sandeep Desai, caused huge haircuts for the DHFL small depositors. Not

 DHFL Victims in the Laboratory State of IBC: “Litmus Test”? DHFL Victims in the Laboratory State of IBC: “Litmus Test”? Posted on 15/03/2024 (GMT 16:10 hrs) This post is (un-)dedicated to late Mr. Arun Jaitley, the father of legalized corruption in India, the harbinger of ill-conceived IBC   (2016) In the current atmosphere of the revelation of the Electoral Bonds Scam by the present ruling party, the BJP, it seems pertinent to bring forth a very brief evaluative remark on the DHFL scam, the biggest financial fraud India ever witnessed, with its dubious resolution process, a scam caused by the greedy itching palms of the BJP itself! After the NCLT’s first order given on 19th May 2021 that strived to change the terms of the resolution plan through a request to the DHFL-CoC for reconsidering DHFL’s erstwhile promoter Kapil Wadhawan’s 100% repayment Settlement Proposal, the enraged DHFL-CoC (especially its lenders) stated the following in response: “Lenders said the NCLT order may set a 

 Claim of Ownership vs Being-in-Sub Judice: An RTI To The Ministry of Corporate Affairs Claim of Ownership vs Being-in-Sub Judice: An RTI To The Ministry of Corporate Affairs Posted on 09/01/2024 (GMT 13:42 hrs) Being bored with ambiguous and superficial answers to our previous RTIs (especially  this⤡  one) to various ministries, departments and other authorities, we have decided to put the question in our next RTI application in an abstract manner, as it is found in mathematical logic and across various subjects like Economics. Thus, OBMA filed an RTI application on 22.12.2023 to the Ministry of Corporate Affairs, Government of India, asking the following question: Can company X occupy or acquire company Y,  especially when the case on the ownership of Y is sub judice in the domestic court of law? If the answer to the above question is NO, while X still claims ownership of Y (by taking blanket stay order from the apex court), is it not a case of trespassing and/or adverse possession o