Once in a Blue Moon Academia (OBMA)

  Why Cannot DHFL FD and NCD Holders Approach the International Forum, OHCHR? When Financial Injustice Masquerades as Law: The Piramal–DHFL Case and India’s Constitutional Abdication Published on 10/10.2025 (GMT 21.47) ABSTRACT This article examines the legal and moral impasse faced by Fixed Deposit (FD) and Non-Convertible Debenture (NCD) holders of Dewan Housing Finance Corporation Ltd. (DHFL) in seeking justice through international mechanisms such as the Office of the United Nations High Commissioner for Human Rights (OHCHR). It argues that under Article 5(2)(b) of the Optional Protocol to the International Covenant on Civil and Political Rights (ICCPR) and Rule 96(b) of the OHCHR’s procedural framework, individuals may only appeal to the OHCHR once all domestic remedies have been exhausted. However, in the DHFL–Piramal case, where India’s Supreme Court upheld Ajay Piramal’s contentious resolution plan despite ongoing review petitions, this exhaustion clause becomes a site...

  When Hindutva Betrays Hindus: The Market Mask of Identity Posted on 24th September, 2025 (GMT 03:30 hrs) ABSTRACT This article presents a critical analysis of Hindutva as a political and economic project, arguing that its purported aim of protecting Hindu interests is a façade for market fundamentalism, crony capitalism, and authoritarian consolidation. Using the DHFL financial scandal as a case study, it demonstrates how ordinary Hindu investors and pensioners suffer losses while political insiders and corporate cronies benefit, exposing the betrayal embedded within the saffron narrative. Beyond economic exploitation, the piece highlights the systematic suppression of dissenting Hindu voices—eco-activists, reformist priests, and ascetics—whose advocacy for ecological balance, spiritual pluralism, and resistance to commodification has been marginalized or violently silenced. The article situates communal polarization, Islamophobia, and other engineered religious tensions as ...

  Conscious Capitalism or Spiritual Washing? Vaiṣṇava Philanthro-Capitalism and the Case of Ajay Piramal Posted on 24th September, 2025 (GMT 04:49 hrs) ABSTRACT This article critically examines the intersection of religion, capitalism, and corporate power in contemporary India, using Ajay Piramal and the DHFL scandal as a case study to interrogate the concept of “conscious capitalism” and its spiritualized variants. It argues that ostensibly ethical and Vaishnava-aligned philanthropy—what may be termed “Vaishnava philanthro-capitalism”—often functions as a moral façade for systemic exploitation, environmental negligence, financial expropriation, and political cronyism. The piece highlights Piramal’s alleged expropriation of DHFL investors’ life savings, corporate entanglements, and use of Strategic Lawsuits Against Public Participation (SLAPPs) to intimidate dissent, juxtaposed against his projected image as a Paramavaishnava disciple of ISKCON’s Radhanath Swami. Drawing on en...