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.***

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.

Indian Stock Market Scam 2024 and the Futility of the Exit-Polls

Posted on 07/06/2024 (GMT 16:26 hrs) Compiled by the Partyless Society⤡ & Occupy Dalal Street⤡ “Underneath all reason lies delirium, drift. Everything is rational in capitalism, except capital or capitalism itself The stock market is certainly rational; one can understand it, study it, the capitalists know how to use it, and yet it is completely delirious, it’s mad.Continue reading “Indian Stock Market Scam 2024 and the Futility of the Exit-Polls”

Take Stern Measures against the BJP MPs With Legal Conflicts: An Appeal to the President of India

Posted on 07/06/2024 (GMT 13:23 hrs) Although there are too many complaints, FIRs and legal cases against the BJP’s malpractices during the Lok Sabha Elections, 2024, the Election Commission of India (ECI) along with the other vigilante agencies have turned a blind’s eye to all these crucial matters before a “new government” is formed. ThisContinue reading “Take Stern Measures against the BJP MPs With Legal Conflicts: An Appeal to the President of India”

Ecology, Economics and Elections: The Night Before…

The article critiques the ecological and political consequences of development under the current Indian regime, especially around the 2024 elections. It highlights fatal heatstroke cases among election officials, linking them to climate change and post-vaccination vulnerabilities. Major projects like the UP pilgrimage road (involving massive deforestation), the Mumbai-Ahmedabad bullet train (destroying mangroves), and the Kashi corridor (erasing heritage for religious tourism) are cited as examples of state-driven environmental destruction. The authors warn of a drift toward electoral autocracy, prioritizing economic-political gains over ecological and democratic well-being.

Disqualify PM Modi for his Anti-Constitutional Activities: An Open Letter to the President of India

Posted on 31/05/2024 (GMT 19:18 hrs) To The Hon’ble President, The Republic of India Sub: Disqualify PM Modi for his anti-Constitutional activities Dear Madam, With reference to our RTI dated 28.01.2024 to the Prime Minister’s Office (PMO) just after the heinous inauguration of the Ram Temple in Ayodhya on the demolished, vandalized ruins of theContinue reading “Disqualify PM Modi for his Anti-Constitutional Activities: An Open Letter to the President of India”

The DHFL Case and the Contradictory Verdicts of the NCLAT

The article examines the contradictory verdicts from the National Company Law Appellate Tribunal (NCLAT) regarding the DHFL case, highlighting four judgments issued in January and February 2022. It questions whether these inconsistencies arose from political pressure, inadequate judicial reasoning, or flaws in the Insolvency and Bankruptcy Code (IBC). The piece argues that the NCLAT favors non-convertible debenture (NCD) holders over fixed deposit (FD) holders, calling for a reassessment of the IBC to ensure equitable treatment for all creditors.

Beyond Pretensions: Narendra Modi and Ajay Piramal

The piece offers a trenchant critique of the symbiotic relationship between Narendra Modi’s BJP-led government and Ajay Piramal, framing it as emblematic of how politico-economic power is consolidated in contemporary India by means of moral-symbolic pretension and regulatory capture. The authors open with two speeches by Modi — one on the Congress manifesto, the other on the Ambani-Adani “scandal” — which they characterise as emblematic of his “habitual … web of pseudology” and the anxieties facing his regime. They then turn to Piramal, noting his declared allegiance to Gaudiya Vaishnava spirituality (via his association with ISKCON) and yet contrasting that with the multiple controversies surrounding him: alleged environmental violations (e.g., Digwal), insider trading reliefs, his acquisition of Dewan Housing Finance Corporation Limited (DHFL) via the insolvency regime, substantial electoral-bond donations to the BJP, and his positioning as a “friendly oligarch”. The article thus argues that Piramal’s spiritual-philanthropic branding and Modi’s populist entrepreneurial discourse function together to legitimise a regime of “more equal than others” capitalism in which dissent is sidelined, regulatory checks are bypassed, and unscrutinised mass suffering persists (illustrated through farmers, Manipuri communities and FD-holders). The tone is sharply condemnatory: Piramal is depicted as a “pretentious monster” unwilling to “look in the mirror”; Modi and the BJP are argued to be on the cusp of losing power as their contradictions mount. In sum, the article frames this duo as a case-study in how political-economic power cloaks itself in spirituality, populism and development slogans to evade accountability and maintain elite rule.