Once in a Blue Moon Academia (OBMA)

  DHFL Victims Under Legal Siege by Crony Piramal: What’s Next? Posted on 28th June, 2025 (GMT 12:20 hrs) ABSTRACT India’s low ranking in the 2024 Rule of Law Index (79th out of 142) highlights systemic issues that frame the legal conflict between OBMA activists and Mr. Piramal’s firm, DSK Legal. Despite OBMA’s careful and transparent communication, legal threats like defamation suits and contempt notices appear aimed at silencing dissent and protecting corporate impunity. With Article 19 protecting free speech and Section 66A of the IT Act already struck down, such actions lack constitutional footing. The burden lies on the plaintiff to prove malice—something OBMA’s peaceful and public-facing activism clearly defies. This case signals a broader fight for democratic accountability in an increasingly corporatized legal system. Introduction The  World Justice Project (WJP) Rule of Law Index 2024  ranks India  79th out of 142 countries , offering insights into its ...

 Analyzing Diverging Judgements in BPSL and DHFL Cases: Victim Perspectives and the Fragility of the IBC  Analyzing Diverging Judgements in BPSL and DHFL Cases: Victim Perspectives and the Fragility of the IBC Posted on 13th May, 2025 (GMT 17:39 hrs) ABSTRACT The article examines two Supreme Court rulings under the Insolvency and Bankruptcy Code (IBC) that reveal troubling inconsistencies. In the BPSL case, JSW Steel’s ₹19,350 crore resolution plan—initially approved by the Committee of Creditors (CoC) and NCLT—was overturned by the Supreme Court in May 2025, citing procedural lapses such as delay, improper financial instruments, and non-compliance with Section 29A. The judgment criticized the CoC and Resolution Professional for dereliction of duty, raising concerns over investor trust. Conversely, in the DHFL case, where Piramal Capital’s resolution plan addressed ₹87,248 crore in claims, the Court upheld the plan in April 2025 despite allegations of illegality, irregula...