Mousetrapped: An Open Letter to the Wadhawan Brothers

Posted on 16/01/2023

Dear Kapil and Dheeraj Wadhawan,

At the outset, we must admit your concern for the DHFL as you have repeatedly made sincere efforts for the full repayment of the FD and NCD Holders. It is surprising enough that you, in spite of being the owner, were not made a part of the CoC for DHFL and your voice fell on deaf ears. Thanks to you for your humble concern, but you are trapped by the conspiracy of your professional competitors (cf. Kalyug, 1981; Dir. Shyam Benegal), viz., Adani-Ambani-BJP’s financial surgical strike on the financial sector in India. Despite the fact that the Supreme Court has announced the following in clear terms:

Bankruptcy will not void personal guarantees: Supreme Court VIEW HERE  (As reported on May 22, 2021 ©The Times of India)

Therefore, you have tried your level best to revive your company’s ownership.

Kapil Wadhawan vs Union Of India And Ors on 16 November, 2021 VIEW HERE ⤡

DHFL resolution: Kapil Wadhawan approaches SC with fresh petition VIEW HERE ⤡ (As reported on 8th March, 2022 ©businessline)

Though “honesty is the best policy” is an oxymoron within the domain of supra-rich business tycoons, the euphemistic terms like “philanthropic”, “honest”, “dignified” etc., exist to signify the ambit of our MNC-controlled society. As far as we know about you and your brother’s emotional engagement with the DHFL, established by your father, Rajesh Wadhawan, the great Philanthropist, on 11th April 1984. In Satyajit Ray’s film “Shakha Proshakha” (Branches of the Tree, 1990), we can find a similar depiction of an honest, considerate and noble businessman, who, within the game of capitalism, did not shun off the rule of the game. We understand the emotional engagement with your company, which was deliberately transferred to a secondary kin of Mukesh Ambani.

The problem lies with the fictitious branch called the “Bandra” branch as alleged to be opened by you. The Enforcement Directorate (ED) alleged that Yes Bank co-founder Rana Kapoor and Dewan Housing Finance Limited (DHFL) promoters siphoned off funds worth Rs 5,050 crore through suspicious transactions to fill up the gaps created by terror-funding/political charity. We know very well that it is not possible to open such a ‘fake’ branch after the “successful” Demonetization (2016) and in the era of PAN-Aadhaar linking process. So, the Honourable PM is also to be blamed for the demonetization.

Therefore, either the Hon. PM or you are to be blamed for such scam.

AN OPEN LETTER TO MODIJI: THE HORNS OF THE DEMONETIZATION DILEMMA VIEW HERE 

It is also to be noted that the terror-funding is involved in this case. All these anomalies happened due to the hungry ruling party, who is hankering after commission, or otherwise, cut-money, or simply speaking, bribe. You are bound to give such unethical donation or political charity, without which, you could not run your business. That is, to satisfy the itching palms of the ruling party, you are bound to take recourse to a compensatory process. To recompose your donation-amount, you have to take your recourse to such fraudulent accounts with the help of entities such as Yes Bank. We know quite well that you are also pressurized by the international mafia, viz., Iqbal Mirchi, who was linked with Dawood Ibrahim.

In our common sense experience, we know very well that each and every owner of business has two different types of audit-books: one is official and another one is for unaccounted transactions. In India, this shadow economy is more powerful than official fiscal auditing.  

However, the ongoing situation shows that Piramal Finance is trying to unethically, illegally occupy your beloved company before the final judgements of the national and International Apex Court. It is also to be noted that Mr. Ajay Piramal, as a secondary kin of Mukesh Ambani, a favoured business-baron of the ruling party, has got biased judgement from the RBI and RBI-appointed CoC for the DHFL, which was essentially predetermined with economic cum political motives.

In this connection, we must mention that both the NCLT on 19/05/2021⤡ (in the first order they have mentioned your commitment/assurance to pay back FD and NCD holders’ money; but the order was not at all entertained by Piramal and Co., and they got the same order revoked at the NCLAT in a hurried manner, thereby ignoring the Tort Law and committing an evident contempt of court.) and the NCLAT second order (27/01/2022) ⤡ found irregularities and illegalities in the conduct of the RBI-appointed CoC for DHFL. Piramal has managed to stay the NCLAT Second Order on 11/04/2022, which violates the Section 209 of the IPC, since he is continuously making the false claim of being the owner of DHFL at the legal forum.

This claim of ownership is being made by Mr. Piramal across various social and print media platforms by using dubious names for his housing finance company, viz., Piramal Capital and Housing Finance (PCHF) and Piramal Finance. We discovered such ambiguity and Mr. Piramal closed all these social media sites until the Supreme Court announced the stay order, after which he resumed with his claims. The Dilemma of schizophrenic selves: the changing names of companies under the Piramal Group: A letter to Mr. Ajay Piramal VIEW HERE ⤡

As we have lost faith in the Indian judiciary, we must take our recourse to the International Law, emphasizing on the issue of financial abuse and financial favouritism. Hence, to solve such situation, we are earnestly requesting you to contact the Singapore International Arbitration Centre ⤡ for getting neutral arbitration on this matter, where you can get justice in the manner of Cairns, Vodafone, Amazon etc., setting the legal precedents.

Cairn Energy wins arbitration award VIEW HERE ⤡

Vodafone Wins International Arbitration Against India in $2 Billion Tax Dispute Case VIEW HERE ⤡

Future Retail v/s Amazon: Why Amazon won the case in SIAC in 2020 and Supreme Court in 2021? VIEW HERE

As per our understanding, “International Law is the vanishing point of the jurisprudence”, therefore, you will get justice by the neutral arbitrator at the international stage since Mr. Piramal has trespassed by illegally entering into the rooms of the DHFL.  

We hope that you will get rid of this type of humiliation at the time when superrich wilful defaulters are flying off the country like Bulbul birds to distant lands, the lands of no return!

Yours Sincerely,

Dr. Debaprasad Bandyopadhyay

Mrs. Rupa Bandyopadhyay

Mr. Akhar Bandyopadhyay

A Victimized Family of Bewildered, Beleaguered, Perplexed, Anguished, Anxious, Hapless, Helpless and Ailing DHFL FD Holders

ON BEHALF OF ALL ANGUISHED, AILING DHFL FD, NCD AND SHAREHOLDERS  [USUAL DISCLAIMERS APPLY] 

बहुजनहिताय बहुजनसुखाय च॥

(“For the happiness of the many, for the welfare of the many”)

11 Comments

  1. Reblogged this on debaprasad and commented:

    #Seize_Cronies_Fairplay_for_DHFL_Victims
    #art_of_resistance_against_autocracy
    #Stop_Piramal_From_Acquiring_DHFL
    #alleged_dawood_mirchi_rkw_dhfl_bjp_collusion

    Liked by 4 people

  2. Akhar Bandyopadhyay says:

    Reblogged this on Akhar Bandyopadhyay and commented:

    #Seize_Cronies_Fairplay_for_DHFL_Victims
    #art_of_resistance_against_autocracy
    #Stop_Piramal_From_Acquiring_DHFL
    #alleged_dawood_mirchi_rkw_dhfl_bjp_collusion

    Liked by 3 people

  3. Reblogged this on Rupa Sanyal and commented:

    #Seize_Cronies_Fairplay_for_DHFL_Victims
    #art_of_resistance_against_autocracy
    #Stop_Piramal_From_Acquiring_DHFL
    #alleged_dawood_mirchi_rkw_dhfl_bjp_collusion

    Liked by 2 people

  4. Reblogged this on DHFL Scam and commented:
    #Seize_Cronies_Fairplay_for_DHFL_Victims #art_of_resistance_against_autocracy #Stop_Piramal_From_Acquiring_DHFL #alleged_dawood_mirchi_rkw_dhfl_bjp_collusion

    Liked by 2 people

    1. ravindramahidhar says:

      Excellent initiative. Nicely & appropriately drafted presentation which is highly appreciable and appealing. May almighty God help all of us by inspiring Wadhwans to read this letter and by encouraging them to fight legally more aggressively & vigorously against all culprits and also bless Wadhwans to regain ownership of DHFL so that we can get our all outstanding recoverable hard-earned money with till date interest & justified compensation.

      Liked by 2 people

  5. Reblogged this on Partyless Society and commented:
    #Seize_Cronies_Fairplay_for_DHFL_Victims #art_of_resistance_against_autocracy #Stop_Piramal_From_Acquiring_DHFL #alleged_dawood_mirchi_rkw_dhfl_bjp_collusion

    Liked by 2 people

  6. ravindramahidhar says:

    Excellent initiative. Nicely & appropriately drafted presentation which is highly appreciable and appealing. May almighty God help all of us by inspiring Wadhwans to read this letter and by encouraging them to fight legally more aggressively & vigorously against all culprits and also bless Wadhwans to regain ownership of DHFL so that we can get our all outstanding recoverable hard-earned money with till date interest & justified compensation.

    Liked by 2 people

  7. Ishan Ajitnarayan Chakrabarty says:

    Unbelievable Debu Da Carry on with your Crusade till we reach our goal.

    Liked by 1 person

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