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.***

An RTI to the Supreme Court of India on Behalf of DHFL Victims for Resolving the Pending Cases

Posted on 10/12/2023 (GMT 16: 54 hrs) Updated on 10/02/2024 (GMT 13:55 hrs) In continuation to the online mass petition⤡ of the DHFL victims for suo moto cognizance on 15th May, 2023, we have also personally sent a mass appeal⤡. Some of the DHFL victims, who are part of the OBMA platform, sent snail mailsContinue reading “An RTI to the Supreme Court of India on Behalf of DHFL Victims for Resolving the Pending Cases”

Dear Mr. Ajay Piramal, I Wanna Be Arrested!

The article “Dear Mr. Ajay Piramal, I Wanna Be Arrested!” is a satirical open letter addressed to Ajay Piramal, chairman of the Piramal Group. The author humorously and dramatically expresses a desire to be arrested, likely as a form of protest or critique, though specific reasons remain vague. The tone mixes sarcasm and frustration, aiming to provoke rather than inform.

The letter references previous communications and legal documents indicating that the author has allegedly hampered Mr. Piramal’s business and goodwill. The author, along with nearly 200,000 NCD and FD holders of DHFL, claims to have lost their hard-earned money due to Mr. Piramal’s performance in the bidding of DHFL. The author criticizes Mr. Piramal’s actions, describing them as a “vaisnava-like performance” and expressing discontent with the situation.

The letter concludes with a request for Mr. Piramal to continue his legal battle against the author, viewing it as a form of resistance and a means to bring attention to the issues at hand. The author expresses willingness to be a martyr for the cause of suffering humanity, highlighting the perceived injustices and the desire for change.

Ajay Piramal: The Owner of The Erstwhile DHFL: Really So?

The article “Ajay Piramal: The Owner of The Erstwhile DHFL: Really So?” critically examines the legitimacy of Ajay Piramal’s claim to ownership of Dewan Housing Finance Corporation Limited (DHFL). Despite approvals from the Reserve Bank of India, the Committee of Creditors, the National Company Law Tribunal, and the Competition Commission of India, the article argues that these endorsements are contingent upon the accuracy of information provided by the acquirer. The author contends that the acquisition remains sub judice, with several legal challenges pending in higher courts, rendering Piramal’s claim to ownership legally questionable. The piece draws an analogy to a hypothetical scenario where an individual acquires property through contested approvals, emphasizing the legal uncertainties surrounding Piramal’s acquisition of DHFL. Furthermore, the article questions the legitimacy of Piramal’s actions, suggesting potential violations of tort law and contempt of court.

Requesting for Reconsidering the Decision of Readmission by includig prārabdha and sañcita Credits

Posted on 25/11/2023 (GMT 07:00 hrs) To  The Honourable Chairman, University Grants Commission (UGC) To The Honourable Vice Chancellor,  Indira Gandhi National Open University (IGNOU) Sub: Requesting for Reconsidering the Decision of Readmission by Reconsidering prārabdha and sañcita Credits Dear Sirs, As a wilful prodigal person in academiocracy (market-based academic bureaucracy) and a veteran researchContinue reading “Requesting for Reconsidering the Decision of Readmission by includig prārabdha and sañcita Credits”

Fixed Deposits: Insecurely Secure? A Letter to the Finance Minister and RBI Governor

The article is a letter to the Finance Minister and RBI Governor, urging them to issue a statutory warning for Fixed Deposits (FDs), Recurring Deposits (RDs), and Non-Convertible Debentures (NCDs) due to their “unsecured” nature, which many investors are unaware of. The letter highlights the risks, citing the Dewan Housing Finance Corporation Limited (DHFL) case where many investors lost significant amounts. It calls for greater transparency and public awareness regarding the true risks associated with these financial products.

Begging to Mr. Ajay Piramal for Free Nixit Lozenges to Quit Smoking: a request from a Chain Smoker DHFL Victim

The article “Begging to Mr. Ajay Piramal for Free Nixit Lozenges to Quit Smoking: A Request from a Chain Smoking DHFL Victim” (15 November 2023) employs satirical irony to critique the systemic injustices faced by small investors in the Dewan Housing Finance Corporation Limited (DHFL) case. Addressed to Ajay Piramal, the letter portrays the author’s transformation into a chain smoker and substance abuser as a direct consequence of the financial distress caused by the DHFL resolution process. The author requests free Nixit lozenges, a smoking cessation product manufactured by Piramal Pharma, highlighting the absurdity of seeking aid from the very entity responsible for their plight. This rhetorical strategy underscores the perceived hypocrisy and moral bankruptcy of the corporate and regulatory systems involved. The piece serves as a poignant commentary on the human cost of corporate malfeasance and the failure of institutions to protect vulnerable investors.

Urging for the Hastened Resolution of the Cases Related to the DHFL: a Letter to the Hon’ble CJI

Posted on 10/11/2023 (GMT 09:02 hrs) To The Honourable Chief Justice of India, Supreme Court of India Tilak Marg, New Delhi – 110001 Sub: Urging for the Hastened Resolution of the Cases related to the Dewan Housing Finance Corporation Limited (DHFL) Dear Sir, First of all, I am much obliged to you for playing aContinue reading “Urging for the Hastened Resolution of the Cases Related to the DHFL: a Letter to the Hon’ble CJI”