The DHFL “Scam”: A Simulated Hoax?

The article critiques the DHFL “scam,” suggesting it was a fabricated or simulated hoax. It argues that the DHFL resolution process pre-figuratively favoured Mr. Ajay Piramal as the winning bidder, excluded the Wadhawan brothers from participating in the CIRP presenting their settlement proposals, and neglected FD and NCD holders’ interests. The piece highlights a CBI closure report from January 2025 that found lack of conclusive evidence of wrongdoing by the Wadhawans, questioning the legitimacy of the Insolvency and Bankruptcy Code (IBC) application in the context of the DHFL and implying crony political motives behind the “cooking up” of the scandal. Ultimately, it portrays the situation as financially devastating to innocent common stakeholders to enrich the superrich.