The blog post critiques Ajay Piramal’s business strategies, labeling him a “Chameleon King” for repeatedly using mergers, demergers, and rebranding to evade accountability. It highlights his corporate history, including acquisitions in the pharma sector and controversial actions in housing finance, such as the acquisition of DHFL during its insolvency proceedings. The post accuses Piramal of exploiting legal loopholes, obscuring past misconduct, and profiting while avoiding regulatory scrutiny. Key examples include the environmental violations in Digwal, Telangana, which was followed by the demerger of Piramal Pharma, and alleged irregularities in discounted DHFL loans benefiting entities linked to Piramal. The post criticizes his reliance on legal stays to delay unfavorable rulings, branding this pattern as a tactic to sidestep responsibility. Ultimately, it calls out Piramal’s strategies as manipulative corporate maneuvers that undermine public trust and regulatory oversight, while benefiting from political connections and systemic gaps in accountability.
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.***
Manipulation Allegations in DHFL CIRP: Echoes of Electoral Malpractices and Erosion of Trust
The article highlights allegations of manipulation in DHFL’s Corporate Insolvency Resolution Process (CIRP), drawing parallels to alleged electoral malpractices in recent Indian elections. Concerns include voting irregularities, procedural flaws, lack of transparency, and compromised fairness, allegedly benefiting politically connected entities. Victims have raised doubts about the integrity of the process, linking it to systemic issues in governance, such as restricted RTI access and opaque financial audits. The narrative underscores fears of institutional erosion and the undermining of public trust in democratic and financial systems.
Embers of Resistance: DHFL (Movie)
On a rain-soaked evening in New Delhi, DHFL scam victims march with quiet determination, their flickering candles symbolizing resilience. Youth protesters join, their chants and fiery defiance casting grotesque shadows of injustice. Chaos erupts as riot police attack, and an elderly woman’s tragic cry as she is consumed by flames becomes a harrowing symbol of justice crushed under crony capitalism.
This AI-crafted agit-prop film juxtaposes despair and defiance, capturing the indomitable spirit of solidarity. Dedicated to DHFL victims, it is a haunting call to resist oppression and fight for accountability.
Scam 2019: The DHFL Massacre
This #OBMA_video_collage vividly captures the intricate narrative of the DHFL Scam, one of the most monumental financial scandals in post-independence India. Through a compelling interplay of visuals and commentary, it unveils the layers of systemic malfeasance underpinning this saga. The video delves into the discursive formations and critical texts that expose the BJP’s entrenched crony-oligarchic framework, orchestrating financial exploitation at an unprecedented scale. It highlights the calculated siphoning of wealth from DHFL victims to enrich a select cohort of favored capitalists, offering a powerful critique of the nexus between power and profit.
Defending the Victims: Challenging the ‘Capital’ Punishment Imposed on DHFL Stakeholders
This collage of posters, slogans, and imagery encapsulates the ongoing narrative of the DHFL Scam (2019–present), allegedly orchestrated by the ruling BJP in collusion with corporate tycoon Ajay Piramal (secondary kin of Mukesh Ambani), elements of the shadow economy, and religious figures. Each poster highlights pivotal events, legal nuances, and systemic gaps that have surfaced over the last five years.
We hope that as the Supreme Court of India hears the DHFL Scam cases, these materials act as a catalyst for web-based advocacy, galvanizing mass mobilization against those responsible.
The Paramavaiṣṇava At Stake: Unwinding Piramal, “Thy Name is Controversy!”
The article exposes Ajay Piramal’s controversies, particularly his alleged misconduct during DHFL’s acquisition, insider trading accusations, environmental violations, and BJP-linked political shielding. It highlights whistleblower claims of financial harm from discounted loans post-DHFL acquisition and critiques SEBI’s impartiality, suggesting regulatory bias favoring crony capitalism. Broader issues, including the Adani-Hindenburg dispute and SEBI’s lack of transparency, underscore governance concerns. The piece questions the role of watchdogs and judiciary in India’s oligarchic system while advocating vigilance against corporate-political collusion.
The Gujarat Gavelkind: Being Parochial, Being Partisan?
This blog post from OBMA critiques the BJP’s alleged “Gujarat-centric” favouritism, discussing the state’s influence in judicial and economic matters, especially in cases like the DHFL scam involving prominent Gujaratis in positions of judicial authority. It points to instances of Gujarat singlehandedly predominating the list of superrich Wilful Defaulters, Gujarati Companies donating astronomical figures through the opaque electoral bonds, tax benefits specific to Gujarat’s Hindu Undivided Families (HUF) system, and recent investment redirections that seems to prioritize Gujarat at the expense of other states. The post argues that these practices uses politically filtered terminologies such as “Gujarat Model” and “Gujarat Pride” to favour Gujarat’s elites, thereby aligning with BJP’s broader Hindutva and crony corporatist agendas, raising concerns over equitable and inclusive governance in India.
Who’s Who: SGI Tushar Mehta and the DHFL Scam
The article explores Solicitor General Tushar Mehta’s alleged political bias and involvement in high-profile legal cases, including defending Ajay Piramal and the RBI-appointed CoC in the DHFL scam. It highlights Mehta’s longstanding connections with BJP figures, casting doubt on his impartiality. The DHFL case involved significant financial misconduct, and Mehta’s defense emphasizes creditor rights while ignoring alleged malpractices. The piece critiques Mehta’s selective justice approach, advocating for public pressure to uphold constitutional principles and unbiased judiciary practices.
Dear DHFL Scam Victims, Know Thy Judge: Hon. Justice S. C. Sharma
The article discusses Justice S.C. Sharma’s role in cases affecting DHFL scam victims. It highlights his recent rulings, such as denying bail to DHFL’s Wadhawan brothers and opposing Aligarh Muslim University’s minority status, suggesting this stance might overlook the context of minority protections. Sharma’s past judgments in favor of vulnerable groups, including the physically challenged and marginalized, offer some hope for fair treatment of DHFL victims. The piece questions if his rulings can stay unbiased amid potential political pressures.
Adios, Mr. Chandrachud!
The article bids farewell to Chief Justice D.Y. Chandrachud, critiquing his tenure and decisions. It argues that he used judicial power to align with the political establishment rather than uphold independence and democratic rights. The piece highlights controversial rulings, his handling of specific cases, and contrasts Chandrachud’s image of a progressive judge with decisions allegedly detrimental to free speech and public welfare. It concludes with concern over the court’s trajectory under his leadership, questioning his legacy and the judiciary’s role in upholding democratic principles.
Once in a Blue Moon Academia 