Once in a Blue Moon Academia (OBMA)

 Ajay Piramal in the Ring of Fire of Controversies Posted on 06/04/2024 (GMT 10:15 hrs) In Continuation with  WHO IS AJAY PIRAMAL? VIEW HERE ⤡ As far as we know, while talking about Mr. Ajay Piramal’s previous (mis-)deeds, we have come to note the following points stretched across the past decade or so: 1. Mr. Piramal is an alleged  insider trader  (2016) 2. He is an  environmental terrorist  (for polluting Digwal, Telangana in 2019) and also who sought “blanket stay order” at the National Green Tribunal, which was rejected. In the case of the DHFL also, he wanted such a similar stay order on the “controversial” NCLAT second verdict (27/01/2022). 3. He was involved in  Flashnet Scam , 2018 (though Mr. Piramal was ready to defame The Wire, who first exposed the scam, for reporting the same, but till date: no such step has been taken by him) 4. He is  possibly  involved in  contempt of court  during the DHFL resolution process by igno...

 The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL The Impact on “Goodwill”: When ex-DHFL Administrator R. Subramaniakumar Joined the RBL Bank Posted on 15/03/2024 (GMT 16: 58 hrs) The truth is that one’s goodwill is important enough to maintain one’s position in the public sphere. The “goodwill” of Mr. R. Subramaniakumar, the former Administrator in the DHFL resolution process, was jeopardized after the DHFL scam. This was because of his involvement in the resolution process, which was allegedly in favour of a predetermined successful bidder, viz., Mr. Ajay Piramal, from the very onset. The entire resolution for an AAA-rated NBFC that was profitable, ongoing and solvent— was done as a litmus test for the ill-conceived IBC. R. Subramaniakumar, accompanied by officials in the Committee of Creditors (CoC) for DHFL such as Charu Sandeep Desai, caused huge haircuts for the DHFL small deposi...