Posted on 26/01/2024 (GMT 08:45 hrs)
After consummating the tiresome tasks of scrutinizing, surveying, data-mining, filing numerous RTIs, viralizing petitions-posters-reels-live videos-making docu movies, writing in both e-mail and snail mail all the gatekeepers of legal justice, it is found that the DHFL FD and NCD holders are in a safe place. However, the point is, who will bell the cat after smelling the rats⤡ in the:
a) The current ruling party’s role in the DHFL scam via terror-funding/political charity/political donation
- ‘False’ (?!) allegations on the collusion among the BJP, Dawood-Mirchi and the DHFL: A Letter to the BJP President VIEW HERE ⤡
- AN RTI ON THE ALLEGED COLLUSION AMONG DAWOOD-MIRCHI-RKW-DHFL-BJP VIEW HERE ⤡
It is found that in the cases of demonetization, farmers’ laws, CAA-NRC-NPR-DPA, Aadhaar-PAN Card Linking, the introduction and consecutive withdrawal of 2000 Rupee Notes (the cost of printing which is Rs. 4.58 per note!! The hassling reconstruction of ATMs to accommodate such new notes is also to be considered here. Is it not an irresponsible, Tughlaqi decision on the present PM’s part; Cf. Mohammed Tughlaq’s introduction of leather-money as a failure⤡): the current ruling party had cut a sorry figure. The Insolvency and Bankruptcy Code (2016) has been amended 35+ times already. Does not that prove the grand failure of the current ruling party?
b) RBI-appointed Committee of Creditors (CoC) for DHFL’s “contrary to law”, “void”, “materially irregular” resolution process (As pointed out in the second verdict of the NCLAT in the DHFL case, dated 27/01/2022)
SMELLING THE RAT IN THE DHFL-COC RESOLUTION PROCESS: A LETTER TO THE PRESIDENT OF INDIA VIEW HERE⤡
IBC SECTION 66 OVERLOOKED BY THE DHFL-COC: A BIG CONSPIRACY? ⤡
YOU’RE ALL CAUGHT UP: RBI-APPOINTED COC FOR DHFL⤡
It is to be noted that a Resolution Professional (of the CoC) comes within the meaning of ‘Public Servant’ under Section 2(c) of the Prevention of Corruption Act, 1988 and Section 233 of IBC does not protect where he has been apprehended red-handed with the bribe amount – Sanjay Kumar Agarwal Vs. Central Bureau of Investigation, Anti-Corruption Bureau, Dhanbad – Jharkhand High Court. Thus, the DHFL-CoC is answerable and accountable to the public. They simply cannot get away with the huge amount that they received for conducting a make-believe resolution process.
An Open Letter to Two Public Servants: Mr. R Subramaniakumar and Mrs. Charu Sandeep Desai ⤡
Recently, the Madras High Court rejected the argument that Section 204 of the IBC and Regulation 23A of the IBBI regulations that govern Insolvency Professional Agencies conferred certain “unbridled disciplinary powers” over resolution professionals.
Madras High Court upholds validity of Section 204 IBC VIEW HERE ⤡ (As reported on 23rd January, 2024 ©Bar and Bench)
“…[t]he Madras High Court affirmed the constitutional validity of Section 204 within the Insolvency and Bankruptcy Code (IBC). This provision grants authority to the Insolvency and Bankruptcy Board of India (IBBI) and the Insolvency Professional Agencies to oversee Resolution Professionals (RPs) and commence disciplinary proceedings against them in cases of alleged misconduct.” (Source: VIEW HERE ⤡)
c) Alleged Insider Trader cum Eco-Terrorist Mr. Ajay Piramal’s “winning” bid as a return gift in response to the Flashnet Scam⤡ by committing possible contempt of court by not answering the NCLT’s verdict dated 19.05.2021 and getting hastened justice (by being “more equal than others”!) twice, once in the NCLAT on 25.05.2021 (against the NCLT 19th May order) and in the Supreme Court of India on 11.04.2022 (against the NCLAT 27th January order).
THE CHRONOLOGY OF THE DHFL SCAM VIEW HERE ⤡
WHO IS AJAY PIRAMAL? VIEW HERE ⤡
THE PSYCHOANALYSIS OF A CRONY BILLIONAIRE: AJAY PIRAMAL VIEW HERE ⤡
REVEALING THE CONTROVERSIES ABOUT THE PIRAMAL GROUP: ADDITIONS ON WIKIPEDIA VIEW HERE ⤡
IF A[M]DANI SCAMS, CAN AMBANI-PIRAMAL BE FAR BEHIND? VIEW HERE ⤡
SOME OPEN, CONTROVERSIAL QUESTIONS TO MR. AJAY PIRAMAL REGARDING THE DHFL ACQUISITION VIEW HERE ⤡
The Old Sinner? the deeds of a paramavaisnava, Ajay Piramal VIEW HERE ⤡
Legality Of Ajay Piramal’s Actions: A Brief Resume⤡
Piramal’s “(Il)legal” Operations Not Found On Wiki⤡
EXPOSING PIRAMAL REALTY: KRISHNARAJ RAO ⤡
d) Wadhawan Brothers’ Shell Companies and the Bandra Books (Is it possible after the “successful” demonetization drive?)
Mousetrapped: An Open Letter to the Wadhawan Brothers VIEW HERE ⤡
THE GREAT NON-WILFUL ABSENTEES IN THE RBI-APPOINTED CoC FOR DHFL VIEW HERE ⤡
Though the Wadhawans were in jail initially for the reason of the YES Bank scam, but recently, the Supreme Court of India has rejected the bail of the Wadhawan Brothers in the DHFL case:
Supreme Court Setback For DHFL’s Kapil Wadhawan In Bank Fraud Case VIEW HERE ⤡ (As reported on 24th January, 2024 ©NDTV)
e) The deceptive auditing of the Credit Rating Agencies and Auditors (Is it possible after the “successful” demonetization drive?)
WHO IS RESPONSIBLE FOR THE DECEPTIVE AUDITING OF THE DHFL? AN RTI TO THE CAG OF INDIA VIEW HERE ⤡
f) The Brand Ambassador for DHFL’s role in propagating misleading advertisements for consumers
- Let’s do it: Hitchhiking for Zakat for the ailing FD and NCD- Holders of the DHFL: a letter to SRK, DHFL Brand Ambassador VIEW HERE ⤡
- MR. SHAH RUKH KHAN, THE BRAND AMBASSADOR OF DHFL, HAS DECEIVED THE VICTIMS OF THE DHFL SCAM VIEW HERE ⤡
- Tweets to Mr. Shah Rukh Khan, Ex-Brand Ambassador of the DHFL⤡
It must be noted that for similar reasons, Mr. Shah Rukh Khan was criticized after BYJU’s got reported for scamming its consumers.
#~——~#
After viewing the present judiciary’s ambivalence in, e.g.,
i) The Demonetization issue
ii) The Ram Temple controversy
iii) LGBTQIA+ marriage question
iv) Ongoing hearings/proceedings on the transparently opaque Electoral Bonds
What can be seen in all these recent cases is that there is no unanimity of opinion amidst the different benches in the Supreme Court, which are “polyvocal” in nature. Moreover, the “final” verdicts in these cases are often being decided upon simple majority, quite contrary to the US Court System. This type of polyvocal decisions entail that there are many Supreme Courts as told by Mr. Kapil Sibal.
Now, how does this impact the DHFL scam case? Who will bell the cat ultimately?
As pointed out by our present CJI, Justice DY Chandrachud, there are loads of pending cases in the Indian courts, which demand a quickened and effective disposal as soon as possible without becoming a mere “tareekh pe tareekh” (dates after dates) court. How far does this cherished fact of “hastened resolution” accommodate the differing opinions within the Supreme Court? Does it suppress heterogeneous voices of dissent, for example, Justice Nagarathna in the Demonetization verdict or her rightful dismissal of the remission of Bilkis Bano case convicts by the Gujarat Government⤡?
Where shall the DHFL victims go in this condition after four arduous years of relentless waiting for justice? Is it not a case of justice delayed and justice denied? How can it be possible for one to occupy an ongoing company by sheer political help without finishing due judicial process? Without the completion of domestic judicial process, one cannot approach the international bodies like OHCHR and Singapore International Arbitration Centre.
What Piramal can do, the DHFL victims cannot!
Once in a Blue Moon Academia 
A superb research paper that could have been a powerful weapon in the hands of a united political opposition in the parliament to unseat the ruling party and/or defeat them in the forthcoming election. The facts raised here, sans the opinions, may serve as evidence in a nutshell that can be placed before the courts for their perusal.
Dr. Bandapadhyay is one of those few persons who has steel like tenacity and rock like conviction to pursue a matter to it’s logical conclusion, in the midst of severe adversity. I could recall Dr. Subramaniam Swamy and Mr. Subhas Datta ( from Bengal) who single handedly started somewhat similar kind of movements. A big thank you and heartfelt gratitude to our Debaprasad Sir.
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