Urging for Justice for the DHFL Victims: An Appeal to the Non-Godi Media

Posted on 29/09/2023 (GMT 08:50 hrs) Compiled by Debaprasad Bandyopadhyay and Akhar Bandyopadhyay We, the Dewan Housing Finance Corporation Limited’s (DHFL: an AAA-rated NBFC) FD and NCD Holders, are not at all surprised that all the Godi Media are reluctant to report⤡ the biggest financial scam in post-Independent India (before Hindenburg Report). However, we are surprised thatContinue reading “Urging for Justice for the DHFL Victims: An Appeal to the Non-Godi Media”

When a Victim has become a Culprit: Mr. Ajay Piramal Filed a Case against Dr. Debaprasad Bandyopadhyay

The blog post is a fervent open letter to Ajay Piramal, chairman of the Piramal Group, condemning the acquisition of Dewan Housing Finance Corporation Limited (DHFL) by Piramal Capital and Housing Finance Limited (PCHFL) through what it claims was a fraudulent Insolvency and Bankruptcy Code (IBC) resolution process. It targets Piramal of securing DHFL at a bargain (Rs. 34,250 crores against a Rs. 94,000 crore book value), devastating fixed deposit holders, NCD investors, and small stakeholders—many elderly or reliant on these funds—while alleging a nexus with the Bharatiya Janata Party (BJP), figures like Nirmala Sitharaman, and the Reserve Bank of India enabled this through crony capitalism. The letter highlights the human toll, with depositors facing financial ruin, and charges Piramal with using legal intimidation, including via DSK Legal, to suppress activism from groups like Once in a Blue Moon Academia (OBMA). Demanding justice, including full repayment with interest for DHFL victims, the post challenges Piramal’s philanthropist image as a hypocritical mask for exploitation, citing his professed adherence to the Bhagavad Gita as incongruent with his actions. It references legal precedents like the 63 Moons verdict and ongoing resistance efforts, blending financial analysis with moral outrage to argue that the resolution process violated natural justice, prioritizing corporate gain over retail investors. The letter positions itself within a broader campaign against corporate malfeasance, calling for accountability and restitution amidst claims of systemic corruption and regulatory failure.

Urging for a Free and Just Society: Web-based Social Movements (#OBMA_Talks -4)

Posted on 22/09/2023 (15:59 hrs) VIEW HERE: What is a Social Movement? A social movement can be defined as an agitational expression of collective behaviour. It targets some aspect or the whole of the social structure and the functioning of that structure through various institutionally-sanctioned norms, mores, customs, processes etc. The elements of a socialContinue reading “Urging for a Free and Just Society: Web-based Social Movements (#OBMA_Talks -4)”

OCCUPY INTERNET TO RESIST PIRAMAL’S ADVERSE POSSESSION OF DHFL

Posted on 14/09/2023 (GMT 17:00 hrs) Updated on 28/09/2023 (GMT 16:16 hrs) Dedicated to Mrinal Sen… Remembering the movie “Chorus” (1974): This movie is about the crumbling of the bureaucratic apparatus as part of the controlling strata/mediator of the surveillance society in the context of the capitalist economy by the mass mobilization of workers, farmersContinue reading “OCCUPY INTERNET TO RESIST PIRAMAL’S ADVERSE POSSESSION OF DHFL”

An Open Letter to the Honourable King of the United Kingdom For Retracting Mr. Ajay Piramal’s CBE Award

Posted on 06/09/2023 (GMT 11:30 hrs) To His Majesty the King Honourable Charles Philip Arthur George, The Buckingham Palace, London SW1A 1AA, United Kingdom Sub: Requesting for Retracting Mr. Ajay Piramal’s Honorary CBE Award with Immediate Effect Your Majesty, First of all, we must bestow our grief in the memory of the late Queen. MourningContinue reading “An Open Letter to the Honourable King of the United Kingdom For Retracting Mr. Ajay Piramal’s CBE Award”