Ajay Piramal: The Owner of The Erstwhile DHFL: Really So?
The article “Ajay Piramal: The Owner of The Erstwhile DHFL: Really So?” critically examines the legitimacy of Ajay Piramal’s claim to ownership of Dewan Housing Finance Corporation Limited (DHFL). Despite approvals from the Reserve Bank of India, the Committee of Creditors, the National Company Law Tribunal, and the Competition Commission of India, the article argues that these endorsements are contingent upon the accuracy of information provided by the acquirer. The author contends that the acquisition remains sub judice, with several legal challenges pending in higher courts, rendering Piramal’s claim to ownership legally questionable. The piece draws an analogy to a hypothetical scenario where an individual acquires property through contested approvals, emphasizing the legal uncertainties surrounding Piramal’s acquisition of DHFL. Furthermore, the article questions the legitimacy of Piramal’s actions, suggesting potential violations of tort law and contempt of court.
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