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.***

In Defence of the Ladakh Movement: A Faint Voice of Solidarity During the Ominous Hour of Climate Emergency

The article defends the Ladakh movement as a crucial voice against environmental degradation and climate change, particularly in the face of the Himalayan region’s vulnerabilities. It highlights the importance of indigenous and local perspectives in climate activism, emphasizing Ladakh’s ecological sensitivity and the dangers posed by unchecked development. The piece also calls for solidarity with grassroots movements that prioritize sustainable and culturally sensitive practices, urging broader attention to the climate emergency’s impact on marginalized communities.

A Sympathetic Note to the CBE Paramavaiṣṇava Ajay Piramal

The authors address Ajay Piramal in a seemingly supportive tone, while deploying layered irony to critique his entanglement in political, legal and ethical controversies. They highlight his large electoral-bond donation (₹85 crore) to the Bharatiya Janata Party (BJP) and connect it to his business-state nexus, posing the question of whether such “political charity” is altruistic or effectively bribery. They raise allegations of insider trading (noted by the Securities and Exchange Board of India and the Securities Appellate Tribunal), environmental damage at the Digwal plant in Telangana, consumer mis-promises by his real-estate arm, and, most significantly, his role in the resolution of Dewan Housing Finance Corporation Limited (DHFL) where the authors argue small depositors and NCD holders were sidelined while his group allegedly benefitted. The tone shifts between a personal “sympathetic” appeal (invoking his spiritual associations) and a sharper critique (emphasising legal stays, defamation suits, and the “victims’” discontent). Ultimately the piece situates Piramal as a case-study of how entrepreneurial philanthropy, political proximity and regulatory capture can converge to undermine accountability and social justice.

Why Did the Wadhawan Brothers Cut A Sorry Figure To Satisfy the BJP’s Itching Palms?

Posted on 21/03/2024 (GMT 17:30 hrs) Updated on 16/09/2025 (GMT 10:05 hrs) Authored By Partyless Society ⤡ Abstract The article investigates why the Wadhawan Brothers—formerly owners of Dewan Housing Finance Limited (DHFL)—have been conspicuously absent from the list of Electoral Bond donors, in spite of previous allegations that they had donated to the BJP throughContinue reading “Why Did the Wadhawan Brothers Cut A Sorry Figure To Satisfy the BJP’s Itching Palms?”

Ajay Piramal’s Contributions to the Electoral Bonds

This article examines Ajay Piramal’s contributions to electoral bonds, highlighting his role as a prominent Indian industrialist and philanthropist in the context of political funding in India. It explores the significance of electoral bonds as a mechanism for transparent political donations and analyzes Piramal’s involvement through his conglomerate, the Piramal Group. The piece delves into the broader implications of corporate contributions to electoral bonds, discussing their impact on democratic processes, governance, and transparency. By focusing on Piramal’s financial engagements, the article underscores the intersection of business, philanthropy, and political influence, raising critical questions about the evolving dynamics of electoral funding in India.

Babri Masjid to Ram Mandir: Modi as PM vs Modi as citizen (?)- An RTI to the PMO, India

The article discusses an RTI (Right to Information) query filed with India’s Prime Minister’s Office (PMO) regarding whether Narendra Modi participated in the Ram Mandir’s Bhumi Pujan and inauguration in his personal or official capacity. The PMO’s response stated that the Prime Minister is always on duty, indicating he attended as the PM, which raises concerns about the violation of India’s secular Constitution. The article critiques Modi’s actions and highlights the broader political implications, calling for resistance to the perceived rise of a Hindu Rashtra.

The “Goodwill” (?) of R. Subramaniakumar, the ex-Administrator of DHFL

The article critiques R. Subramaniakumar’s role in the DHFL resolution process, alleging bias towards Ajay Piramal and adverse effects on small depositors. It accuses Subramaniakumar and the Committee of Creditors (CoC) of mishandling the process, leading to significant financial losses for stakeholders. His subsequent appointment as CEO of RBL Bank reportedly caused a drop in its stock value, reflecting market distrust due to his past actions. The piece questions the integrity and legality of the actions taken during the resolution process of the DHFL.

DHFL Victims in the Laboratory State of IBC: “Litmus Test”?

Posted on 15/03/2024 (GMT 16:10 hrs) Updated on 31st August, 2024 (GMT 16:54 hrs) ABSTRACT The article critiques the DHFL resolution process under India’s Insolvency and Bankruptcy Code (IBC), describing it as a “litmus test” for legitimizing the IBC. The author argues that the process was flawed, with victims being treated as “laboratory test-subjects” inContinue reading “DHFL Victims in the Laboratory State of IBC: “Litmus Test”?”