Once in a Blue Moon Academia (OBMA)

 India’s Financial Meltdown: A Decade of Defaults, Bankruptcies and Economic Ruin India’s Financial Meltdown: A Decade of Defaults, Bankruptcies and Economic Ruin Posted on 13th March, 2025 (GMT 08:32 hrs) Composed and Compiled by  Partyless Society⤡  &  Occupy Dalal Street⤡ ABSTRACT India has faced widespread bankruptcies between 2015 and 2025, with significant failures in banks, non-banking financial companies (NBFCs), and large corporations, exacerbating core economic issues. The Insolvency and Bankruptcy Code (IBC) has largely failed, leaving citizens to bear the brunt time and again. Key examples include DHFL, PNB, IL&FS, PMC, Yes Bank, Essar Steel, and Jet Airways. Additionally, write-offs (waive offs?!) of corporate loans have surged, and bank fraud cases are on the rise, with rising defaults and poor recovery rates. The ongoing financial instability, caused by such frauds, defaults and bankruptcies, has eroded investor confidence, leading to mass...

 FAQ: Why is the Supreme Court Delaying its Final Verdict on the DHFL “Scam” (?) Cases? FAQ: Why is the Supreme Court Delaying its Final Verdict on the DHFL “Scam” (?) Cases? Posted on 25th February, 2025 (GMT 17:00 hrs) ABSTRACT The Supreme Court’s delay in delivering a final verdict on the DHFL scam cases stems from multiple complications. These include legal confusion due to the merger of PCHFL with Piramal, and concerns over judicial bias favoring the BJP and its alleged connections to the scam. Additionally, the CBI’s closure report, absolving the Wadhawan brothers of criminal charges, further complicates the matter. The victims of the scam are left waiting, with accusations of cronyism impacting the delay in justice.  In this post, we will focus on a significant concern echoed by nearly all the DHFL victims regarding the current “legal” status of the DHFL “scam” cases.  Frequently Asked Question (FAQ):  What is causing the apex court to take so long to del...