Not Just Victims — We Are the Verdict: In Solidarity with the DHFL Victims as a United Front

The article expresses solidarity with victims of the Dewan Housing Finance Corporation Limited (DHFL) scam. It frames the victims not merely as passive sufferers but as active agents seeking justice against financial abuse, allegedly perpetrated through a nexus involving crony capitalism, political collusion, and corporate misconduct. The piece highlights the futility of legal battles ALONE, referring to the April 1st verdict of the Supreme Court of India. The article challenges the resolution process that favoured Piramal Group’s acquisition of DHFL. It criticizes the Insolvency and Bankruptcy Code (IBC) for prioritizing corporate interests over small investors, particularly senior citizens and fixed deposit (FD) and non-convertible debenture (NCD) holders. The article calls for collective resistance, urging victims to unite in a non-violent, web-based movement to demand accountability and fair compensation, while condemning systemic corruption and judicial complicity.

From Courtroom to Newsroom: Tracking the Media Pulse on the DHFL Verdict

​The article examines the aftermath of the Supreme Court’s decision upholding the Piramal Group’s resolution plan for Dewan Housing Finance Corporation Ltd (DHFL). This verdict has intensified feelings of despair among the DHFL victims, especially as it allows fraud-recovered funds to benefit the acquirer rather than the original retail investors and small depositors. The piece also highlights the Central Bureau of Investigation’s (CBI) closure of the Yes Bank–DHFL loan fraud case due to insufficient evidence, raising questions about the initial motivations behind DHFL’s corporate insolvency resolution process and the broader implications for India’s financial sector.

Dear DHFL Victims, Share Your Grievances with “Awaaz Bharat Ki”

The article urges victims of the Dewan Housing Finance Corporation Limited (DHFL) collapse to submit their grievances via the Leader of the Opposition’s portal, Awaaz Bharat Ki. It alleges the DHFL crisis was a politically orchestrated scam allegedly benefiting industrialist Ajay Piramal through a “quid pro quo” with the BJP. The article highlights the plight of fixed deposit and non-convertible debenture holders—especially vulnerable groups like senior citizens, widows, the disabled, and charitable trusts—who lost their savings due to DHFL’s fraud. A timeline traces events from the 2019 exposure of financial irregularities to ongoing legal proceedings in 2025, criticizing the RBI-appointed Committee of Creditors for a biased resolution process. The article proposes five remedies: (1) ending crony capitalism and dismantling BJP-industrialist collusions (Ambani, Adani, Piramal); (2) Supreme Court intervention to ensure justice; (3) launching mass protests and social media campaigns for accountability; (4) securing judicial autonomy by separating it from executive control; and (5) scrapping the Insolvency and Bankruptcy Code (2016), citing its misuse in DHFL’s case. It closes with a call for distributive justice through collective resistance and systemic reform.

From Silence to Storm: DHFL Victims’ Fight Beyond the Saffronized Judiciary

The article critiques the Supreme Court’s April 1, 2025, verdict, which overturned the NCLAT’s 2022 ruling, prolonging the financial agony of DHFL victims. It argues that this decision serves corporate interests, particularly Piramal’s alleged adverse possession of DHFL, while entangling victims in endless litigation. The piece calls for global advocacy, urging victims to take their fight to the United Nations and engage in digital and/or street-based civil resistance against what it describes as a compromised judiciary serving political and corporate elites.

Examining the Supreme Court’s Ruling on the DHFL “Fraud” (?) Cases

The article examines the recent verdict of the Supreme Court of India regarding the Dewan Housing Finance Corporation Limited (DHFL) “fraud” (?) cases. It raises concerns about the integrity, accountability and transparency of the present Indian judiciary, highlighting India’s low rankings in global indices related to the rule of law and corruption. The piece also touches upon alarming incidents, such as the discovery of burnt cash at a judge’s residence, and critiques the perceived erosion of the separation between the judiciary and the political executive. These issues are framed within a broader context of the challenges confronting India’s democratic institutions, prompting critical questions about the Supreme Court’s verdict on the DHFL “Scam” cases. The article concludes with a call for hope, emphasizing the potential for resilience on the part of the DHFL victims.

Once in a Blue Moon Academia (OBMA): Our Initiatives

This article outlines the mission and initiatives of Once in a Blue Moon Academia (OBMA), a self-funded, non-profit organization established in 2021 to address systemic injustices in India’s financial and ecological ecosystems. OBMA focuses on two primary issues: the devastating financial ecosystem, exemplified by the Dewan Housing Finance Corporation Limited (DHFL) scam, and the catastrophic natural ecosystem, emphasizing climate change and environmental degradation. Through non-violent civil disobedience inspired by Gandhian principles and the Occupy Wall Street movement, OBMA campaigns for justice for DHFL scam victims, who faced significant financial losses due to alleged corporate and political malfeasance. The organization employs academic activism, legal challenges, and digital campaigns to expose crony capitalism, regulatory failures, and environmental neglect. Guided by the Buddhist ethos of bahujana sukhaya, bahujanahitaya ca (“for the happiness and welfare of the many”), OBMA seeks to dismantle disciplinary boundaries, foster interdisciplinary praxis, and advocate for systemic reform to ensure accountability and equity

অর্থনীতির অতিমারী, অর্থের-নেতির বি-কল্প-না

নিম্নবর্গের প্রতিদিনের রোটি-কপড়া-মকান-এর লড়াই সঙ্গে তাল মেলাতে পারে না প্রাতিষ্ঠানিক অর্থনীতি। তাই এই বইয়ে দেবপ্রসাদ বন্দ্যোপাধ্যায় সেই অর্থনীতিকে নেতিকৃত করেছেন। কথ্য ভাষায় লেখা ‘অর্থনেতি’ – তে উঠে এসেছে বাজার থেকে শুরু করে নিসর্গের সমস্যা। জিডিপির হার কি সকল শ্রেণির সুখে বেঁচে থাকার কথা আদৌ বলে? প্রাতিষ্ঠানিক অর্থনীতির সঙ্গে কি আদৌ যোগ আছে খেটে খাওয়া মানুষের প্রাত্যহিকতার? নিসর্গের বিপদের সঙ্গে পুঁজির বিকাশের সম্পর্ক ঠিক কী? এই সবটাই আলোচিত হয়েছে দেবপ্রসাদ বন্দ্যোপাধ্যায়ের “অর্থ-নী-নেতি” বিষয়ক কিতাব নিয়ে এক সংলাপে, যাতে যুক্ত হয়েছেন লেখক-পুত্র আখর বন্দ্যোপাধ্যায়। এ সংলাপ অনুষ্ঠিত হয় ২৮শে মার্চ, ২০২৫, “মান্দাস” প্রকাশনার বইঠেকে।

Silencing the Digital Dawn: India’s Censorship Crusade vs. Musk, Youth, and the Defrauded

The article explores India’s increasing efforts to regulate online discourse and the pushback it encounters from Elon Musk’s X platform, along with younger generations of climate activists and digitally engaged victims of financial scams. It emphasizes the Indian government’s utilization of the Information Technology Act to enforce extensive content removal, specifically targeting dissent and criticism of Prime Minister Narendra Modi’s administration. Recently, X has filed a lawsuit against these measures in the Karnataka High Court, claiming unlawful censorship. The piece outlines how this crackdown restricts free expression, particularly among tech-savvy youth who depend on platforms like X to articulate political and environmental discontent. Additionally, it connects these efforts to broader issues, such as attempts to silence the voices of defrauded citizens from the DHFL scam, preventing them from raising their grievances online. While Musk positions X as a champion of free speech, this scenario reveals a complicated struggle between state control, corporate interests, and grassroots digital activism against the backdrop of India’s escalating authoritarian tendencies.

Piramal’s Legal Firm vs DHFL Victims: A Chronological Collage

Mr. Ajay Piramal’s legal firm, DSK Legal, has been targeting DHFL victims and OBMA members with defamation and contempt cases since March 2023. The cases aim to silence dissent against Ajay Piramal’s allegedly controversial acquisition of DHFL by PCHFL, an entity that is now merged with Piramal Enterprises Ltd. The legal actions seem to lack coherence, with apparently poor research and notarization of irrelevant documents. Victims have received emails allegedly from the Bombay High Court, but no detailed or mentionable official records are available as of yet. The article calls for continued digital activism to investigate and expose Mr. Piramal’s alleged ties to the BJP and possible financial misconduct.