DHFL Scam and the Death of Public Trust: Time for a Truth and Accountability Commission!
DHFL Scam and the Death of Public Trust: Time for a Truth and Accountability Commission! Posted on 15th August, 2025 (GMT 07:30 hrs) ABSTRACT This appeal calls for the creation of a Judicial Truth and Accountability Commission to investigate the Supreme Court’s April 1, 2025 verdict on the DHFL insolvency case, which allegedly legitimised a flawed resolution plan favouring corporate interests while wiping out the life savings of lakhs of small investors, including widows, senior citizens, and the differently abled. Citing alleged collusion between regulators, the RBI-appointed CoC, and corporate actors, as well as parallels with electoral manipulation, it frames the case as part of a broader pattern of financial authoritarianism under the NDA regime (2014–ongoing). The Commission is envisioned to audit judicial reasoning, regulatory conduct, and the IBC process, outlaw SLAPP suits, and ensure systemic reforms so that courts and institutions uphold constitutional accountabili...