Once in a Blue Moon Academia (OBMA)

Urgent Plea for Suo Motu Action in DHFL Crisis to Restore Justice and Equity: An Open Letter to The Hon. CJI Sanjiv Khanna Urgent Plea for Suo Motu Action in DHFL Crisis to Restore Justice and Equity: An Open Letter to The Hon. CJI Sanjiv Khanna Posted on 21st April, 2025 (GMT 08:53 hrs) ABSTRACT This open-letter by a family of DHFL victims appeal to Chief Justice Sanjiv Khanna to take suo motu cognizance of the DHFL crisis, invoking Article 142 to protect the rights of lakhs of affected FD/NCD holders—mostly senior citizens, widows, and public institutions—who lost life savings due to alleged fraud and crony capitalism. They criticize the Supreme Court’s April 1, 2025, judgment, led by Justice Bela M. Trivedi, which upheld Piramal’s resolution plan, giving victims only 23% recovery while ignoring a full-repayment offer by DHFL ex-promoter Wadhawan. They allege bias in the RBI-appointed CoC and question the judiciary’s increasing proximity to political and corporate powers, citing ...

 “Stop Allergic Piramal”: A Self-Reflexive Note from a Ruptured Self “Stop Allergic Piramal”: A Self-Reflexive Note from a Ruptured Self Posted on 19th April, 2025 (GMT 07:02 hrs) ABSTRACT ​In this narrative, the author intertwines personal anguish with systemic critique, portraying how financial betrayal manifests as physical ailment. After losing life savings in the DHFL crisis, the narrator experiences psychosomatic symptoms—itching skin, rashes, anxiety—symbolizing the deep scars left by economic injustice. The piece uses the metaphor of medication, specifically “StopAllerg,” to highlight how treatments may numb symptoms but fail to address underlying causes. This narrative serves as a poignant commentary on how corporate greed and institutional failures inflict both psychological and physiological harm on victimized individuals. I pop the STOP ALLERG 10MG TAB and wonder—am I trying to cure an allergy, or just medicating my grief? After losing my life savings in DHFL, some...

 If CoC-under-IBC is the King, is Justice Just a Ritual? If CoC-under-IBC is the King, is Justice Just a Ritual? Posted on 15th April, 2025 (GMT 08:55 hrs) ABSTRACT The article critically examines the Indian judiciary’s handling of the DHFL insolvency case under the Insolvency and Bankruptcy Code (IBC), questioning whether justice is becoming a mere formality. It highlights the overarching dominance of the Committee of Creditors (CoC) in the insolvency resolution process, where their decisions are treated as final with minimal judicial scrutiny. This unchecked supremacy, the article argues, has allegedly led courts—including the Supreme Court—to endorse CoC decisions without thorough examination, thereby reducing judicial oversight to a ritualistic procedure. A major concern is the exclusion of the Wadhawan family from the Corporate Insolvency Resolution Process (CIRP), despite their offer to repay the entire debt, and the opaque handling of their final settlement proposal, wh...