The article critiques the handling of the DHFL case, arguing that legal actions preceded proper investigations and production of evidence, leading to unjust outcomes for the DHFL victims. In 2019, the Wadhawan brothers were penalized without trial and justification, and payouts to FD and NCD holders were halted as DHFL was placed under the flawed IBC framework. Despite irregularities flagged by the NCLT and NCLAT in 2021-22, the Supreme Court’s stay order allowed Mr. Piramal to acquire DHFL, which was later merged into PCHFL and consequently into the Piramal Enterprises. In January 2025, the CBI closed the case, clearing the Wadhawans of all allegations of “criminal conspiracy”. The article argues that state-corporate interests dictated the process, subverting justice and likening it to “putting the cart before the horse.”