Once in a Blue Moon Academia (OBMA)

 DHFL Victims in the Laboratory State of IBC: “Litmus Test”? DHFL Victims in the Laboratory State of IBC: “Litmus Test”? Posted on 15/03/2024 (GMT 16:10 hrs) This post is (un-)dedicated to late Mr. Arun Jaitley, the father of legalized corruption in India, the harbinger of ill-conceived IBC   (2016) In the current atmosphere of the revelation of the Electoral Bonds Scam by the present ruling party, the BJP, it seems pertinent to bring forth a very brief evaluative remark on the DHFL scam, the biggest financial fraud India ever witnessed, with its dubious resolution process, a scam caused by the greedy itching palms of the BJP itself! After the NCLT’s first order given on 19th May 2021 that strived to change the terms of the resolution plan through a request to the DHFL-CoC for reconsidering DHFL’s erstwhile promoter Kapil Wadhawan’s 100% repayment Settlement Proposal, the enraged DHFL-CoC (especially its lenders) stated the following in response: “Lenders said the NCLT order may set a 

  RTIs to the Supreme Court of India and the DHFL Victims: An Impromptu Podcast RTIs to the Supreme Court of India and the DHFL Victims: An Impromptu Podcast Posted on 27/02/2024 (GMT 17: 05 hrs) We are heartily grateful to the RTI Cell,  Honourable   Supreme Court of India, for its kind and friendly cooperation with the OBMA RTI Activists in relation to the DHFL Scam. With regard to the two appeals filed to the CPIO in relation to the following two RTIs to the Supreme Court of India made by one of the DHFL victims, Dr. Debaprasad Bandyopadhyay, the RTI Cell headed by The Registrar of the Supreme Court of India decided to call Dr. Bandyopadhyay via the mode of video conferencing hearing on 26/02/2024 at 12:30 pm (IST): Two of the OBMA Founder-Activists, Dr. Debaprasad Bandyopadhyay and Akhar Bandyopadhyay, discussed the impact and consequences of such a call from the SCI over a spontaneous OBMA Podcast, which is given as follows: RTIs to the Supreme Court of India and the DHFL Victims:

 How Do We Have So Little in Our Pockets Given That The Few Have So Much Money? How Do We Have So Little in Our Pockets Given That The Few Have So Much Money? Posted on 20/02/2024 (GMT 18:48 hrs) To The Honourable President, Republic of India To The Honourable Chief Justice of India, Supreme Court of India To The Honourable Prime Minister of India, Government of India To  The Honourable Minister of Home Affairs, Government of India To The Honourable Minister of Finance and Minister of Corporate Affairs of India, Government of India Sub: “Begging”(?!) for the Hard-Earned Money of the Distressed, Ailing DHFL Victims Dear Madams/Sirs,   It is to convey to you with deepest regret that the hard-earned life savings of the Dewan Housing Finance Corporation Limited (DHFL) Victims, viz., the Fixed Deposit (FD) and Non-Convertible Debenture (NCD) holders, are stuck for more than four years due to the repercussions of setting a precedent (the first case as a “litmus test” regarding an AAA-rated N