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Showing posts with the label #Financial_Abuse_By_RBI_CoC_AjayPiramal

The Sovereign Insider: A Philosophical Indictment of Corporate Immunity in India — An Open Letter to Ajay Piramal

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  The Sovereign Insider: A Philosophical Indictment of Corporate Immunity in India — An Open Letter to Ajay Piramal Posted on 24th November, 2025 (GMT 06:57 hrs) ABSTRACT This open letter to Mr. Ajay Piramal is a philosophical indictment of the structural immunity enjoyed by India’s most privileged corporate actors, written from the vantage point of the outsider — the figure who stands scorched at the margins while power glides in the cool interior of impunity. Drawing on Camus, Kafka, Agamben, Śūdraka, and Brecht, the letter argues that the DHFL debacle and a string of insider-trading controversies reveal not isolated breaches but a systemic architecture in which political patronage, regulatory indulgence, and judicial hesitation combine to create a sovereign exception for the well-connected. Through satire, allegory, and critical theory, the narrative exposes how legality becomes porous, accountability becomes theatrical, and “honour” becomes a performative mask concealing a...

Philanthropy, Pharma, and Finance: A Letter Unveiling the Piramal Equation

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  Philanthropy, Pharma, and Finance: A Letter Unveiling the Piramal Equation Posted on 8th November, 2025 (GMT 05:12 hrs) ABSTRACT “Philanthropy, Pharma, and Finance: A Letter Unveiling the Piramal Equation” is an open letter that interrogates the moral architecture of “philanthropic capitalism” through the lens of the Piramal Group’s intertwined ventures in pharmaceuticals and finance. Drawing upon the language of public accountability and philosophical critique, it examines how narratives of “conscious” and “value-based” enterprise often conceal deeper entanglements of debt, profit, and political patronage. Blending forensic analysis with rhetorical irony, the letter situates Piramal’s corporate conduct within the wider ecosystem of India’s crony-capitalist order, where the boundaries between care and commerce, virtue and valuation, increasingly blur. Ultimately, it is both a document of resistance and a call for ethical introspection in an age where balance sheets masquerad...

Why Cannot DHFL FD and NCD Holders Approach the International Forum, OHCHR?

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  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...