FINANCIAL ABUSE OF THE DHFL VICTIMS: A COMPLAINT TO THE NHRC

Posted on 25/10/2022 Updated on 15/02/2023 On 24/10/2022, a complaint (Diary No. 17826/IN/2022; Reg. No. 5399/90/0/2022) was filed before the National Human Rights Commission (NHRC), India, by pointing out the curtailment or gross violation of business-related human rights (as guaranteed by the United Nations Guiding Principles under the purview of international law) in the contextContinue reading “FINANCIAL ABUSE OF THE DHFL VICTIMS: A COMPLAINT TO THE NHRC”

How Savage Capitalism works in India

Posted on 23/10/2022 A CASE STUDY OF THE DHFL SCAM ·      Competing capitalists: HDFC, Reliance Nippon vs Dewan Housing Finance Corporation Limited (DHFL) ·      Mr. Ajay Piramal⤡, relative of politically favoured tycoon Mr. Mukesh Ambani, has got the ownership of DHFL (?) by committing the contempt of court, viz., ignoring NCLT First order and NCLAT Second Order⤡. ·      Mr. Piramal’sContinue reading “How Savage Capitalism works in India”

THE CHRONOLOGY OF THE DHFL SCAM

The article outlines the timeline of the DHFL scam, one of India’s largest financial frauds, involving the Wadhawan brothers who allegedly diverted over ₹30,000 crore through shell companies and fraudulent loans, some linked to criminal entities. Despite repeated allegations and forensic audits uncovering fake accounts under government housing schemes, DHFL maintained high credit ratings until it defaulted in 2019. The RBI intervened, and insolvency proceedings followed. Eventually, the Piramal Group acquired DHFL under questionable circumstances, even though competing bids offered more value. Courts upheld the resolution plan, the Wadhawans were given a clean chit in early 2025, but lakhs of depositors remain uncompensated, raising concerns about regulatory lapses, political shielding, and systemic injustice.

Playing with the Same Card

License: CC BY 4.0 DOI: 10.13140/RG.2.2.33802.34247 The video-collage is a scathing audiovisual critique of the existing political parties in India. It highlights the fact that all the national parties in India behave in the same manner when it comes to religion. For garnering votes (in other words, for enriching the vote-bank), the religious or communal cardContinue reading “Playing with the Same Card”

An RTI to the Department of Legal Affairs regarding the disputed ownership status of the DHFL

Posted on 20/09/22 Updated on 19/12/2022 We have filed another RTI Application, addressing it to the Department of Legal Affairs, Government of India, by asking the following two questions: 1. Are there any legal cases related to the Dewan Housing Finance Corporation Limited (DHFL) that are still under adjudication or sub judice or are pending?2.Continue reading “An RTI to the Department of Legal Affairs regarding the disputed ownership status of the DHFL”

VIOLENCE AND POLITICS: A DIALOGUE WITH SUJATA BHADRA

Posted on 10/09/2022 A dialogue between Debaprasad Bandyopadhyay and Sujata Bhadra on the questions of NOTA, Right to Recall, political violence, proportional representation, partyless democracy and several other issues within the Indian political area. This discussion in Bangla, as part of the Sunday Indian Show, Kolkata TV in 2009, mainly emphasizes on the doctrines ofContinue reading “VIOLENCE AND POLITICS: A DIALOGUE WITH SUJATA BHADRA”

Plutocracy Much? Tracing the contemporary crony capitalist regime in India: A CASE-STUDY OF THE DHFL SCAM

Akhar Bandyopadhyay Posted on 06/09/2022 i.                   Where does India stand today: the broader perspective The year’s 2022. The world as it stands today faces a plethora of conflicts, feuds and other such similar dissociating, disintegrating processes. On the one hand, the Russian aggression on Ukraine coupled with NATO’s determinedly neo-imperialistic role is taking its full tollContinue reading “Plutocracy Much? Tracing the contemporary crony capitalist regime in India: A CASE-STUDY OF THE DHFL SCAM”

Do you have faith in the Contemporary Indian Judiciary?

The article critiques India’s judiciary, highlighting favoritism towards the wealthy, nepotism, and political influence that marginalize underprivileged groups. Prominent figures, including ex-CJI Ranjan Gogoi, have called the system “ramshackled,” citing inefficiencies and delays. Judicial appointments raise concerns, as seen in Justice U.U. Lalit’s ties to political clients before becoming CJI. Access to justice remains a challenge, with the judiciary often appearing out of reach for common citizens. Overall, the article argues that these issues have eroded public trust in the legal system.

Requesting for filing a defamation case against the anti-national newspapers regarding the nexus between the underworld and the BJP

The article discusses a request for filing a defamation case against newspapers that published reports alleging a nexus between the BJP and the underworld, including figures like Dawood Ibrahim. The author criticizes the lack of legal action from BJP against these claims, suggesting either truth in the allegations or a failure to protect the party’s reputation. The post also reflects concerns about media freedom and the political landscape in India.