The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL
The article critiques R. Subramaniakumar’s role in the DHFL resolution process, alleging bias towards Ajay Piramal and adverse effects on small depositors. It accuses Subramaniakumar and the Committee of Creditors (CoC) of mishandling the process, leading to significant financial losses for stakeholders. His subsequent appointment as CEO of RBL Bank reportedly caused a drop in its stock value, reflecting market distrust due to his past actions. The piece questions the integrity and legality of the actions taken during the resolution process of the DHFL.
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