Posted on 8th March, 2022
Updated on 20th July, 2023 (GMT 18:20 hrs)
TO WHOM IT MAY CONCERN
Sub: Requesting for Returning the Fees from the Administrator and Representatives of the RBI-appointed CoC for DHFL
Dear Sir/Madam,
This is to request you to kindly return the fees charged by Mr. R Subramaniakumar and Ms. Charu Sandeep Desai for (mis-)conducting the RBI-Appointed CoC for DHFL. Since the total process as executed by them is “contrary to law” (as per the Honourable NCLAT Verdict on 27/01/2022: Company Appeal (AT) (Insolvency) No. 677 and 800 of 2021), therefore, they do not have any moral or legitimate right to charge their fees (by putting additional financial burden on the ailing and distressed DHFL FD, NCD and Shareholders, especially during the pandemic) if they cannot justify their (mis-)deeds.
They must return their entire fees.
After the first verdict of the NCLT on 19/05/2021, the lenders of DHFL stated the following in their appeal against the said verdict:
SOURCE: Appeals Court Stays Order on Wadhawan VIEW HERE ⤡ (As reported on 26th May, 2021 ©The Mint)
The lenders said that the verdict of the NCLT would set a “bad precedent”, since the DHFL case was the first case to go under the experimental, ill-conceived IBC (2016). “Bad precedent”? Such statement made by lenders is not only irrational or illogical, it is also ridiculously idiotic!
Though NCLAT stayed the controversial NCLT order, the very same NCLAT, on 27/01/2022, found issues with the DHFL resolution process, as stated earlier. The following are certain instances from the NCLAT’s second verdict:
Moreover, they are also to be charged for infringing the business-related human rights and for committing mental harassment of thousands of innocent DHFL Victims, both of which are inexcusably “contrary to law”.
See Also:
SMELLING THE RAT IN THE DHFL-COC RESOLUTION PROCESS: A LETTER TO THE PRESIDENT OF INDIA⤡
PLEASE COMPOSE AN OBITUARY FOR THE RBI-APPOINTED COMMITTEE OF CREDITORS (COC) FOR THE DHFL⤡
Mr. Ashok khemka, IAS, tweeted this issue in a precise manner, i.e., small is beautiful:
Yours Sincerely,
Dr. Debaprasad Bandyopadhyay
Mrs. Rupa Bandyopadhyay
Mr. Akhar Bandyopadhyay
On Behalf of the Once In A Blue Moon Academia⤡
बहुजनहिताय बहुजनसुखाय च॥
(“For the happiness of the many, for the welfare of the many”)
Reblogged this on debaprasad.
Reblogged this on Rupa Sanyal.
Reblogged this on DHFL Scam.
https://www.quora.com/Why-is-Mrs-Charu-Desai-indefinitely-postponding-the-DHFL-bankruptcy-process-in-the-CoC-meetings-and-consuming-cost-of-Rs-7-lakhs-per-month-and-not-helping-the-DHFL-Fixed-deposit-holders-to-get-their-money-back
Reblogged this on Partyless Society .
Reblogged this on Akhar Bandyopadhyay.
Respected Sir,
Thank you very much for drawing attention of all victimized DHFL FD HOLDERS for this hidden financial loss burden imposed by concerned CoC authorities and writing well drafted letter.
As we cannot expect from EXTREMELY DISHONEST, UNHUMAN & SHAMELESS concerned CoC authorities to return back fees charged by them, we should also request/pressurize NCLAT, Supreme Court including PMO & President.
Regards
Sir,
Please rectify the percentage shown 23.08% of total claim paid to all DHFL FD HOLDERS, IN ALL RECORDS/PLATFORMS/COMMUNICATIONS. They have calculated 23.08% BASED ON SURRENDER VALUE IN NOVEMBER 2019 WHICH IS TOTALLY WRONG. CALCULATION OF PERCENTAGE SHOULD BE BASED ON FD MATURITY VALUE (principle +interest). My FDs matured in March 2020.
Charu is 420
Insolvency:
*CoC is fully competent to revise the Resolution Professional fee even if it was earlier approved by any earlier CoC decision – NCLAT New Delhi*
_Coram: Mr. Justice Ashok Bhushan and Ms. Shreesha Merla_
Case Citation: (2022) ibclaw.in 331 NCLAT
Full summary & text of the judgment is available here: https://ibclaw.in/khushvinder-singhal-erstwhile-rp-of-bestways-transport-india-pvt-ltd-vs-reena-tiwari-nclat-new-delhi/
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Reblogged this on Sanjay Kumar De.
https://youtu.be/2DqUhTpgShQ
https://youtu.be/xvYYstMSVn8
https://ibclaw.in/sanjay-kumar-agarwal-vs-central-bureau-of-investigation-anti-corruption-bureau-dhanbad-jharkhand-high-court/
What is the roll of Mrs charu Desai in dhfl? She herself doesn’t know all these persons are whom puppet we can’t find out all these cheaters, who had looted our life saving. God punish them