Once in a Blue Moon Academia (OBMA)

 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...

  The DHFL “Scam”: A Simulated Hoax? The DHFL “Scam”: A Simulated Hoax? Posted on 23rd February, 2025 (GMT 12:55 hrs) ABSTRACT The article critiques the DHFL “scam,” suggesting it was a fabricated or simulated hoax. It argues that the DHFL resolution process pre-figuratively favoured Mr. Ajay Piramal as the winning bidder, excluded the Wadhawan brothers from participating in the CIRP presenting their settlement proposals, and neglected FD and NCD holders’ interests. The piece highlights a CBI closure report from January 2025 that found lack of conclusive evidence of wrongdoing by the Wadhawans, questioning the legitimacy of the Insolvency and Bankruptcy Code (IBC) application in the context of the DHFL and implying crony political motives behind the “cooking up” of the scandal. Ultimately, it portrays the situation as financially devastating to innocent common stakeholders to enrich the superrich. Who hasn’t heard about “hoaxes”? Who hasn’t heard of nation-states, corporate gr...

  DHFL “Scam” Circus: The Great Hotchpotch DHFL “Scam” Circus: The Great Hotchpotch Posted on 16th February, 2025 (GMT 09:30 hrs) ABSTRACT The article dissects the DHFL case with flowcharts, posters, and satire. It highlights corporate maneuvers, particularly Ajay Piramal’s acquisition of DHFL through PCHFL. This was followed by mergers and demergers, which the article describes as a strategic legal-financial move, especially after the CBI cleared the Wadhawan brothers of wrongdoing. The article also addresses legal confusion, noting that misrepresentation regarding legal counsel led to an apology to Kapil Sibal and A.M. Singhvi, clarifying that they have always represented the Wadhawans, not Piramal’s PCHFL. Lastly, it critiques the state-corporate nexus, arguing that the RBI-appointed Committee of Creditors (CoC) and the Corporate Insolvency Resolution Process (CIRP) primarily benefited corporate entities at the expense of small investors. Comparing the DHFL saga to a Bollyw...