The article exposes systemic corruption and financial mismanagement in India’s banking sector, highlighting massive loan write-offs totaling ₹12.3 lakh crore over a decade, primarily benefiting corporate defaulters. Despite these write-offs, recoveries remain abysmally low, raising concerns about regulatory oversight and political complicity. The top wilful defaulters owe nearly ₹2 lakh crore, with key figures like Mehul Choksi escaping accountability. The report emphasizes the urgent need for transparency, accountability, and reform to protect public funds from systemic exploitation.
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.***
Challenging the IBC: No Shortcuts, No Surrenders! (DIGITAL POSTERS)
This collage of posters emphasizes the need for unwavering determination in challenging the Insolvency and Bankruptcy Code (IBC) without resorting to compromises or half-measures. It highlights the DHFL case as a crucial battleground, where systemic flaws in the IBC must be exposed to prevent exploitation by powerful corporate players. The message is clear: true justice demands resilience, not convenient shortcuts. The posters are intended to inspire collective action and raise awareness about the broader implications of this struggle.
Silent Chains: The Unraveling of Justice in India’s Human Rights Struggles
The article discusses India’s deepening human rights struggles, highlighting systemic failures such as the financial abuse faced by DHFL victims, the weakening of the National Human Rights Commission (NHRC), and increasing state repression. It paints a bleak picture of diminishing freedom, from economic exploitation to a crackdown on dissent, exacerbated by biased government institutions. The piece critiques India’s slipping global human rights rankings and the silencing of civil society, reflecting on the devastating consequences for ordinary citizens in a fractured democracy.
The DHFL Victims’ Thanksgiving
The article expresses gratitude from the DHFL victims to various entities that have supported their cause. It acknowledges the role of 63 Moons Technologies, Moneylife, Supriya Shrinate, and Rahul Gandhi in highlighting legal and financial irregularities in the DHFL resolution process. It also raises concerns about cronyism and political influence in the case, particularly with ties between the BJP and financial magnates. Despite awaiting a Supreme Court verdict, the article emphasizes the victims’ commitment to justice, regardless of the outcome.
Piramal the King of (De)Mergers: Cat/Mārjāra is Out of the Bag!
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.
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.
Once in a Blue Moon Academia 