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.***

The Post-Budget Scenario and the IBC: Empty Vessel Sounds Much!

Posted on 26th July, 2024 (GMT 19:55 hrs) The so-called “Amrit Kaal” Budget (2024-25) under the flawed leadership of the so-called “Vishwaguru” has arrived and has attracted quite a lot of speculation from all quarters. Most of the opposition leaders have called it a “kursi bachao budget” (save the throne budget), given the fact thatContinue reading “The Post-Budget Scenario and the IBC: Empty Vessel Sounds Much!”

Indian Middle Class: Why are they so apathetic to initiate non-violent civil disobedience movement?

DEBAPRASAD BANDYOPADHYAY ⤡ Posted on 12th July, 2024 (GMT 08: 55 hrs) Dear Friends, As a part of academiocracy, I have experienced both the poles of Indian citizens: one is at the highest level of bureaucracy, embassy as well as the privileged tiers of academics; moreover, I have also witnessed the lowest level of socio-economicallyContinue reading “Indian Middle Class: Why are they so apathetic to initiate non-violent civil disobedience movement?”

Requesting for raising the issue of financial abuse of DHFL victims by the BJP: A Letter to the Leader of the Opposition

PAINTING OF GANDHIJI IN THE ABOVE POSTER (ENTITLED “GANDHIPIN”): PROF. DEBRAJ GOSWAMI Posted on 7th July, 2024 (GMT 06: 59 hrs) “When I despair, I remember that all through history the way of truth and love have always won. There have been tyrants and murderers, and for a time, they can seem invincible, but in theContinue reading “Requesting for raising the issue of financial abuse of DHFL victims by the BJP: A Letter to the Leader of the Opposition”

Reporting A Possible Phishing from Mumbai, Maharashtra, by Using Dr. Debaprasad Bandyopadhyay’s Aadhaar No.

Posted on 2nd July, 2024 (GMT 07:33 hrs) First of all, we think it is necessary to inform all the well-wishers of OBMA that our founder-member Dr. Debaprasad Bandyopadhyay was: A) Accused for Defamation by Mr. Ajay Piramal’s Legal Firm DSK Legal for a sum of 100 crore rupees; B) Accused for Contempt of CourtContinue reading “Reporting A Possible Phishing from Mumbai, Maharashtra, by Using Dr. Debaprasad Bandyopadhyay’s Aadhaar No.”

SOS Intimation regarding Infringement of Business-Related Human Rights of Indian Citizens in the DHFL Scam: A Letter to the OHCHR (UN)

Posted on 25th June, 2024 (GMT 16:15 hrs) Introduction: Few of the OBMA activists sent this letter to the Office of the High Commissioner for Human Rights (OHCHR), United Nations, intimating the said international body regarding the status and briefing of the DHFL Scam as a case of financial abuse in a summarized manner onContinue reading “SOS Intimation regarding Infringement of Business-Related Human Rights of Indian Citizens in the DHFL Scam: A Letter to the OHCHR (UN)”

Scrap Ill-conceived Insolvency and Bankruptcy Code (IBC), 2016!

The article advocates for the scrapping of the Insolvency and Bankruptcy Code (IBC) 2016, arguing it is flawed and detrimental to the Indian economy. Key points include:
Ineffectiveness in Recovery: The IBC has failed to effectively recover bad debts, with a low recovery rate that falls short of expectations.
Erosion of Value: The resolution process under IBC often leads to significant value erosion of the assets involved, harming creditors.
Lengthy and Costly Process: The IBC process is criticized for being time-consuming and expensive, burdening businesses and the judiciary.
Negative Impact on Credit Flow: The IBC has disrupted the credit flow to the economy, as banks become more risk-averse due to the possibility of lengthy insolvency proceedings.
Encouragement of Crony Capitalism: The code has allegedly facilitated the takeover of valuable assets by a few entities at low prices, leading to concerns about crony capitalism.
The article concludes that the IBC should be scrapped in favor of a more effective and equitable system for resolving insolvency and bankruptcy issues.
#Scrap_IBC,
#Seize_Cronies_Fairplay_for_DHFL_Victims,
#DHFL_Scam,
#Penalize_RSubramaniakumar_CharuDesai_from_DHFL_COC #Scrap_RBI_appointed_COC_for_DHFL,
#Resign_RBI_GOV_Shaktikanta,
#RBI_Appointed_CoC_for_DHFL_ReturnYourFees,
#alleged_dawood_mirchi_rkw_dhfl_bjp_collusion,
#Financial_Abuse_By_RBI_CoC_AjayPiramal,
#Flashnet_Scam,
#Down_With_Saffron_Fascism,
#art_of_resistance_against_autocracy,
#ajay_piramal_alleged_insider_trader,
#Dear_Piramal_I_Wanna_be_Defamator,
#Ajay_Piramal_The_Environment_Terrorist,
#Occupy_Internet_to_Occupy_Cronies,
#Dear_Ajay_Piramal_I_wanna_be_arrested,

Immediately Resolve the DHFL Scam Victims’ Demands! A Letter to Mr. Piyush Goyal, the friend of Mr. Ajay Piramal

The authors address the attention of Piyush Goyal, Minister of Commerce & Industry in the Indian government, urging immediate redress for the victims of the Dewan Housing Finance Corporation Limited (DHFL) scam. They contend that the appointment of Ajay Piramal – a significant donor to the ruling Bharatiya Janata Party (BJP) through electoral bonds – as the party favoured acquirer in the DHFL resolution exemplifies crony-capitalism and signals a grave institutional failure. The letter highlights evolving legal irregularities in the resolution process, including unresolved cases and contradictory public claims regarding ownership of DHFL, pointing to the broader erosion of regulatory and democratic accountability under a dominant majoritarian regime. Through a tone of moral insistence and democratic urgency, the authors, writing on behalf of FD (fixed deposit) and NCD (non-convertible debenture) holders, demand prompt governmental intervention to halt further injustice against middle-class investors. They frame the DHFL saga as symptomatic of a deeper crisis of state–capital nexus, demanding that the minister respond to these citizen-victims and reinforce the rule of law.