The article expresses gratitude to the Supreme Court Bar Association (SCBA) and the Supreme Court Advocates-on-Record Association (SCAORA) for their decision to forgo the farewell ceremony for Justice Bela M. Trivedi on May 16, 2025, viewing it as a principled stance for judicial integrity. It critiques Justice Trivedi for her rulings perceived to favor the ruling BJP and the executive branch, with particular emphasis on her involvement in the DHFL case. While Chief Justice of India B.R. Gavai conveyed disappointment over the lack of a formal farewell, the article lauds the boycott as a courageous protest against the increasing politicization (or rather, Saffronization) of the judiciary over the past few years and a vital defense of constitutional values aimed at maintaining the separation between the political executive and the “impartial” judiciary.
Category Archives: Activities
Our current activities concentrate on the case of Dewan Housing Finance Corporation Limited (DHFL), India. While exploring and investigating this particular case, we have found that India’s crony ruling party, gangsters, banksters as well as religious gurus and institutions are involved in the same. Therefore, to break such collusion, we have decided to deploy an “all out attack” on the existing paradigm of neoliberal market economy as well as market fundamentalism. ***DISCLAIMER: We have collected all the data from available sources on the internet as given on the official portals of media houses, websites and institutions and organizations. We are not first-hand reporters and hence, we are not liable for any inadvertent error or value-loaded statements made on those portals. All propositions have to be viewed as descriptive assertions on the given point of concern.***
BJP’s Equivocation: Condemning Islam, Subscribing Islam
This article critically examines the Bharatiya Janata Party’s (BJP) contradictory stance, highlighting its alleged role in fostering Islamophobia while simultaneously enabling elements linked to Taliban and other Islamic groupings. Through a synthesis of reports from credible sources, the piece exposes the BJP’s use of divisive rhetoric, to marginalize Muslims for political leverage and concurrently, it scrutinizes the party’s purported exploitation of terror narratives, suggesting a strategic ambivalence that undermines India’s social cohesion and security. The analysis argues that this duplicity not only erodes trust in governance but also risks destabilizing the nation’s pluralistic fabric, urging a reevaluation of the BJP’s policies to restore the melting pot of the Indian subcontinent.
Analyzing Diverging Judgements in BPSL and DHFL Cases: Victim Perspectives and the Fragility of the IBC
The article examines two Supreme Court rulings under the Insolvency and Bankruptcy Code (IBC) that reveal troubling inconsistencies. In the BPSL case, JSW Steel’s ₹19,350 crore resolution plan—initially approved by the Committee of Creditors (CoC) and NCLT—was overturned by the Supreme Court in May 2025, citing procedural lapses such as delay, improper financial instruments, and non-compliance with Section 29A. The judgment criticized the CoC and Resolution Professional for dereliction of duty, raising concerns over investor trust. Conversely, in the DHFL case, where Piramal Capital’s resolution plan addressed ₹87,248 crore in claims, the Court upheld the plan in April 2025 despite allegations of illegality, irregularity, bias and the exclusion of retail investors or ex-promoters from decision-making. Praising the CoC’s conduct, the Court reaffirmed creditor rights but overlooked unequal stakeholder treatment. The article argues that these diverging judgments expose the fragility of the IBC, highlight unchecked CoC power, and underscore the urgent need for a more transparent, inclusive, and just insolvency framework.
Mr. Ajay Piramal: Grand Philanthropism or Profiteering Facade?
The article critically examines the philanthropic image of Ajay Piramal, chairman of the Piramal Group. While reflecting on his supposedly projected contributions through the Piramal Foundation in areas like healthcare, education, and clean water initiatives, the article raises concerns about alleged financial misconduct and environmental extortion issues associated with his business practices over the years that seem to posit a crony collusion. It questions whether his philanthropic endeavours serve as a genuine commitment to social welfare or as a means to obscure less ethical corporate activities. The piece encourages readers to scrutinize the alignment between Piramal’s professed values and his business operations, suggesting a need for greater genunity in viewing a philanthro-capitalist!
The Shadow of Quora: Why Once in a Blue Moon Academia Faces a Singular Blockade?
Once in a Blue Moon Academia (OBMA), a digital movement advocating for justice and transparency, thrives across platforms like WordPress, Google Sites, and YouTube, yet faces a unique blockade from Quora. This article explores Quora’s darker side—its inconsistent moderation, echo chambers, data breaches, and censorship—revealing how these flaws mirror OBMA’s broader fight against systemic oppression, including the Piramal Group’s influence in the #DHFL_Scam. From https://onceinabluemoon2021.in/ to its global digital presence, OBMA’s struggle underscores the tension between digital gatekeeping and the quest for free expression, urging readers to join the battle for a more open internet. #Seize_Cronies_Fairplay_for_DHFL_Victims #Restore_Freedom_of_Speech_and_Expression
Bringing Back from Oblivion: Key NCLT and NCLAT Verdicts in the DHFL “Scam” Cases
The article strongly commends the NCLT (May 19, 2021) and NCLAT (January 27, 2022) for their bold rulings in the DHFL insolvency case, which criticized the exclusion of ex-promoters, exposed irregularities in the resolution plan by Ajay Piramal, and questioned the opaque conduct of the RBI-appointed Committee of Creditors (CoC). It highlights the lack of transparency in auditing, denied access to CoC audits under RTI, and systemic disregard for small depositors. The authors critique the Supreme Court’s April 1, 2025, judgment for upholding the resolution plan without adequately addressing these issues, while remanding the matter of avoidance transaction recoveries to the NCLT. Emphasizing a pro-people, constitutional ethos, the piece appeals to NCLT and NCLAT to uphold their earlier stances and protect public interest, calling for justice and restitution for DHFL’s small depositors.
Urgent Plea for Suo Motu Action in DHFL Crisis to Restore Justice and Equity: An Open Letter to The Hon. CJI Sanjiv Khanna
This open-letter by a family of DHFL victims appeal to Chief Justice Sanjiv Khanna to take suo motu cognizance of the DHFL crisis, invoking Article 142 to protect the rights of lakhs of affected FD/NCD holders—mostly senior citizens, widows, and public institutions—who lost life savings due to alleged fraud and crony capitalism. They criticize the Supreme Court’s April 1, 2025, judgment, led by Justice Bela M. Trivedi, which upheld Piramal’s resolution plan, giving victims only 23% recovery while ignoring a full-repayment offer by DHFL ex-promoter Wadhawan. They allege bias in the RBI-appointed CoC and question the judiciary’s increasing proximity to political and corporate powers, citing broader concerns about judicial independence, integrity, and public faith. Citing past appeals and OHCHR recognition, the authors urge Justice Khanna to restore the judiciary’s credibility and ensure justice for victims, warning that inaction will deepen legitimacy crises and public despair.
If CoC-under-IBC is the King, is Justice Just a Ritual?
The article critically examines the Indian judiciary’s handling of the DHFL insolvency case under the Insolvency and Bankruptcy Code (IBC), questioning whether justice is becoming a mere formality. It highlights the overarching dominance of the Committee of Creditors (CoC) in the insolvency resolution process, where their decisions are treated as final with minimal judicial scrutiny. This unchecked supremacy, the article argues, has allegedly led courts—including the Supreme Court—to endorse CoC decisions without thorough examination, thereby reducing judicial oversight to a ritualistic procedure. A major concern is the exclusion of the Wadhawan family from the Corporate Insolvency Resolution Process (CIRP), despite their offer to repay the entire debt, and the opaque handling of their final settlement proposal, which was not shared with Fixed Deposit and Non-Convertible Debenture holders who held considerable voting power. The piece further raises serious questions about potential biases within the CoC, particularly the preference shown toward a specific bidder, and criticizes the judiciary for failing to probe these allegations effectively. Ultimately, it calls for greater judicial accountability and intervention to uphold justice, transparency, and fairness, especially in high-stakes financial cases affecting a wide spectrum of stakeholders.
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.
Once in a Blue Moon Academia 