Once in a Blue Moon Academia (OBMA)

  Have the RBI and IBBI Lost Their Accountability? An RTI to the CAG, India Have the RBI and IBBI Lost Their Accountability? An RTI to the CAG, India Posted on 24th August, 2024 (GMT 13.30 hrs) ABSTRACT The article discusses an RTI application filed with the Comptroller and Auditor General (CAG) of India, questioning the accountability of the Reserve Bank of India (RBI) and the Insolvency and Bankruptcy Board of India (IBBI). The RTI seeks detailed information on the expenditure and funds reserved for litigation by the Committee of Creditors (CoC) in the Dewan Housing Finance Corporation Limited (DHFL) case. It criticizes the RBI and IBBI for their inability to provide this information, raising concerns about transparency. We filed an RTI application (CAGIN/R/E/24/02309) to the Comptroller and Auditor General (CAG) of India on 24th August, 2024. Given below is the text of the same: Kindly inform me regarding the total expenditure (with break up) in the RBI-appointed Committee ...

 RBI-appointed CoC for DHFL’s total expenditure: An RTI to the RBI RBI-appointed CoC for DHFL’s total expenditure: An RTI to the RBI Posted on 22nd August, 2024 (GMT 09:00 hrs) ABSTRACT The article discusses an RTI filed to the Reserve Bank of India (RBI) seeking details on the total expenditure of the RBI-appointed Committee of Creditors (CoC) for Dewan Housing Finance Corporation Limited (DHFL). The RTI also asked about funds allocated for litigation and their sources. The response from RBI was vague, stating that the information had been forwarded for a consolidated reply, but no further details have been provided, raising concerns about transparency and accountability. For more details, you can view the full article  here . We filed an RTI application to the Reserve Bank of India (RBI) on 22/06/2024 with the following questions: Kindly inform me regarding the total expenditure (with break up) in the RBI-appointed Committee of Creditors for the Dewan Housing Finance Co...

 You’re all caught up: RBI-appointed CoC for DHFL Posted on 04/12/2022 Updated on 09/12/2022 1 .  Addressed to:  Mr. Shaktikanta Das, the Governor, the Reserve Bank of India Now you are enjoying the  advice of four unofficial directors⤡ . However, when you were alone, you have blindly passed the Resolution Plan of CoC for the DHFL on 18/02/2021. At that time, why didn’t you see what had been seen by the  NCLT first order ⤡   and the  NCLAT second order⤡  on the DHFL Scam. We are rephrasing this question as follows: a)  You don’t see any irregularities and anything contrary to law as mentioned by NCLAT Second Order. “…the said Resolution plan and the minutes of the 18th CoC meeting were contrary to law, illegal and are void…” NCLAT Second Order (p. 7), 27/01/2022 Furthermore, b)  Why didn’t you consider the old promoters’ (in this case, Mr. Kapil Wadhawan’s) right to invoke personal guarantees when his/her company goes insolvent? Bankrupt...