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Showing posts with the label #dhfl

Ajay Piramal in the Ring of Fire of Controversies

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 Ajay Piramal in the Ring of Fire of Controversies Posted on 06/04/2024 (GMT 10:15 hrs) In Continuation with  WHO IS AJAY PIRAMAL? VIEW HERE ⤡ As far as we know, while talking about Mr. Ajay Piramal’s previous (mis-)deeds, we have come to note the following points stretched across the past decade or so: 1. Mr. Piramal is an alleged  insider trader  (2016) 2. He is an  environmental terrorist  (for polluting Digwal, Telangana in 2019) and also who sought “blanket stay order” at the National Green Tribunal, which was rejected. In the case of the DHFL also, he wanted such a similar stay order on the “controversial” NCLAT second verdict (27/01/2022). 3. He was involved in  Flashnet Scam , 2018 (though Mr. Piramal was ready to defame The Wire, who first exposed the scam, for reporting the same, but till date: no such step has been taken by him) 4. He is  possibly  involved in  contempt of court  during the DHFL resolution process by ignoring NCLT’s first verdict (19/05/2021) and skipping th

The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL

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 The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL The Impact on “Goodwill”: When ex-DHFL Administrator R. Subramaniakumar Joined the RBL Bank Posted on 15/03/2024 (GMT 16: 58 hrs) The truth is that one’s goodwill is important enough to maintain one’s position in the public sphere. The “goodwill” of Mr. R. Subramaniakumar, the former Administrator in the DHFL resolution process, was jeopardized after the DHFL scam. This was because of his involvement in the resolution process, which was allegedly in favour of a predetermined successful bidder, viz., Mr. Ajay Piramal, from the very onset. The entire resolution for an AAA-rated NBFC that was profitable, ongoing and solvent— was done as a litmus test for the ill-conceived IBC. R. Subramaniakumar, accompanied by officials in the Committee of Creditors (CoC) for DHFL such as Charu Sandeep Desai, caused huge haircuts for the DHFL small depositors. Not

Soliciting for Annihilating the Suffering of the DHFL Victims: A Letter to Mr. Mallikarjun Kharge

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Soliciting for Annihilating the Suffering of the DHFL Victims: A Letter to Mr. Mallikarjun Kharge Soliciting for Annihilating the Suffering of the DHFL Victims: A Letter to Mr. Mallikarjun Kharge Posted on 19/12/2023 (GMT 16:45 hrs) To Mr. Mallikarjun Kharge, The Honourable President, Indian National Congress (INC) Sub: Soliciting for Annihilating the Suffering of the DHFL Victims Respected Mr. Kharge,  It is to be remarked that we are thoroughly inspired by your ardent dedication to the cause of revered Babasaheb’s radical “annihilation of caste” programme as part of the Buddhist egalitarian, democratic society of  karuṇā, maitrī  and  muditā . We, too, stand by 22 vows declared by Dr. Ambedkar in order to resist the Saffronization of the Indian socio-polity. At this hour of crony oligarchical onslaught, the flawless philosophy of  Siddhartha Gautama  teaches us the centrality of  suffering , both human and non-human. Therefore, we have used the icon of the Buddha in the logo of our w