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...

  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 ...