Who is to be Defamed: Piramal CHFL or the DHFL Victims?
The article examines the ongoing conflict between Piramal Capital and Housing Finance Limited (PCHFL) and critics, including the authors, who oppose the company’s acquisition of Dewan Housing Finance Corporation Limited (DHFL). Written in a serious and analytical tone, it questions the legitimacy of PCHFL’s defamation claims against the authors for their online criticism, which highlights alleged misconduct in the DHFL resolution process. The authors argue that the true victims are the DHFL stakeholders—creditors, depositors, and investors—who suffered financial losses, rather than PCHFL or its chairman, Ajay Piramal, who they accuse of benefiting from an opaque and unfair takeover. The piece positions the authors’ dissent as part of a “web-based civil disobedience movement” against crony capitalism, asserting that PCHFL’s legal notices, issued via DSK Legal, aim to silence accountability rather than address the grievances of those affected. It challenges the narrative of reputational harm to PCHFL, suggesting that the company’s actions, not the critics’, warrant scrutiny, and frames the legal battle as a distraction from the broader injustice faced by DHFL victims.
Copy and paste this URL into your WordPress site to embed
Copy and paste this code into your site to embed