The article presents a brief portrayal of Ajay Piramal, juxtaposing his typically lauded “philanthropic” (CSR) efforts through the Piramal Foundation’s initiatives with a myriad of serious allegations suggesting misuse of influence and finances. Critics sometimes assert/allege that he orchestrated a questionable purchase of DHFL through a dubious IBC resolution process, which has led to potential court contempt issues. SEBI investigations into insider trading (2016, 2019) and irregularities in stake sales (2024) are also present with regard to Mr. Piramal’s business career. He is also reportedly connected to the Flashnet scandal and alleged environmental damage in Digwal, Telangana, where he purportedly sought and lost a stay order at the National Green Tribunal. Additional controversy arises from ₹85 crore in BJP donations through electoral bonds, purportedly exploitative real estate clauses, and a loan to Omkar Developers that prompted ED scrutiny—yet Mr. Piramal is said to have obtained legal protection. The narrative suggests that his political connections, particularly with the BJP, may have enabled him to repeatedly evade regulatory accountability, casting doubt on whether his philanthropic initiatives are intended to deflect criticism from these alleged financial improprieties. The article does not intend to defame or target the individual Ajay Piramal; rather, it seeks to highlight the potential implications of a corporate tycoon operating within a BJP-led crony framework in contemporary India.
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.***
DHFL Victims Under Legal Siege by Crony Piramal: What’s Next?
India’s low ranking in the 2024 Rule of Law Index (79th out of 142) highlights systemic issues that frame the legal conflict between OBMA activists and Mr. Piramal’s firm, DSK Legal. Despite OBMA’s careful and transparent communication, legal threats like defamation suits and contempt notices appear aimed at silencing dissent and protecting corporate impunity. With Article 19 protecting free speech and Section 66A of the IT Act already struck down, such actions lack constitutional footing. The burden lies on the plaintiff to prove malice—something OBMA’s peaceful and public-facing activism clearly defies. This case signals a broader fight for democratic accountability in an increasingly corporatized legal system.
The Suicidal Futility of War: A Mourning for Civilization and a Call for Disarmament
The article “The Suicidal Futility of War: A Mourning for Civilization and a Call for Disarmament” explores the devastating consequences of warfare on humanity, civilization, and the planet, arguing that war represents a self-destructive cycle that undermines progress and moral integrity. Drawing on historical and contemporary examples, the piece examines the immense human cost, environmental destruction, and societal regression caused by armed conflicts. It critiques the perpetuation of war through political, economic, and cultural mechanisms, highlighting the futility of seeking lasting solutions through violence. The author advocates for global disarmament as a moral and practical necessity, emphasizing the need for collective action, diplomacy, and non-violent conflict resolution to safeguard civilization. By mourning the losses inflicted by war, the article issues an urgent call for humanity to reimagine a peaceful future grounded in cooperation and mutual understanding.
A Cry for Justice: The DHFL FD and NCD Holders’ Battle Against Political and Corporate Nexus
This letter addresses the plight of Dewan Housing Finance Corporation Limited (DHFL) Fixed Deposit (FD) and Non-Convertible Debenture (NCD) holders, whose hard-earned savings remain ensnared in a financial scandal marked by alleged corporate malfeasance and political collusion. It explores the contentious acquisition of DHFL by Ajay Piramal, a businessman purportedly favored by the ruling Bharatiya Janata Party (BJP), spotlighting his predictive claims, ties to the Flashnet Scam, and substantial electoral bond contributions totaling ₹48 crores. The narrative critiques the judiciary’s role, highlighting a perceived erosion of independence through expedited rulings, political influence, and symbolic breaches like the Prime Minister’s visit to the Chief Justice’s residence for Ganesh Chaturthi, alongside judicial deference in cases like the Ram Mandir and Central Vista projects. Drawing on media reports, X posts, and critical analyses, it argues that a nexus of crony capitalism and political patronage obstructs justice for DHFL victims. The letter concludes with a fervent call to action, urging collective advocacy, legal recourse, and public awareness to challenge systemic inequities and restore the rightful dues of FD and NCD holders.
Godi Media and the Erosion of Indian Democracy: Crony-Sponsored Yellow Journalism?
This article examines the phenomenon of “Godi media” in India, characterized by media outlets aligning with the ruling Bharatiya Janata Party (BJP), and its implications for press freedom and democratic integrity. Focusing on the controversial appointment of Sudhir Chaudhary to Doordarshan for a ₹15-18 crore annual package and his airing of a fake video in May 2025, the analysis explores how state-sponsored journalism, economic pressures, and misinformation undermine the press as the fourth pillar of democracy. Drawing on the 2025 World Press Freedom Index, fact-checking by Alt News, and social media discourse, it evaluates whether “Godi media” manufactures consent in a Goebbelsian manner and if India exhibits Orwellian traits. While democratic institutions and independent voices provide resilience, the article highlights the urgent need for reforms to restore media independence and protect public trust.
From Hungry “Thieves” (?) to Quora’s Ban: Victims Fight Crony Capitalism
The article critiques the systemic exploitation of small investors in India through the DHFL scam, alleging that Ajay Piramal acquired DHFL at a major undervaluation via a flawed IBC process that favoured corporate interests over the rights of vulnerable small investors. It accuses political and financial elite, including the BJP and RBI, of enabling this injustice. The piece especially brings to light the recent event of censorship of certain DHFL victims’ voices on Quora, where certain OBMA members were suspended for criticizing the RBI-appointed CoC-led resolution process. Framing the issue as a case of crony capitalism and “financial genocide” (finacide), it calls for justice and accountability.
Thanking SCBA and SCAORA for Skipping Justice Bela M. Trivedi’s Farewell: A Stand for Judicial Integrity
The article expresses gratitude to the Supreme Court Bar Association (SCBA) and the Supreme Court Advocates-on-Record Association (SCAORA) for their decision to forgo the farewell ceremony for Justice Bela M. Trivedi on May 16, 2025, viewing it as a principled stance for judicial integrity. It critiques Justice Trivedi for her rulings perceived to favor the ruling BJP and the executive branch, with particular emphasis on her involvement in the DHFL case. While Chief Justice of India B.R. Gavai conveyed disappointment over the lack of a formal farewell, the article lauds the boycott as a courageous protest against the increasing politicization (or rather, Saffronization) of the judiciary over the past few years and a vital defense of constitutional values aimed at maintaining the separation between the political executive and the “impartial” judiciary.
BJP’s Equivocation: Condemning Islam, Subscribing Islam
This article critically examines the Bharatiya Janata Party’s (BJP) contradictory stance, highlighting its alleged role in fostering Islamophobia while simultaneously enabling elements linked to Taliban and other Islamic groupings. Through a synthesis of reports from credible sources, the piece exposes the BJP’s use of divisive rhetoric, to marginalize Muslims for political leverage and concurrently, it scrutinizes the party’s purported exploitation of terror narratives, suggesting a strategic ambivalence that undermines India’s social cohesion and security. The analysis argues that this duplicity not only erodes trust in governance but also risks destabilizing the nation’s pluralistic fabric, urging a reevaluation of the BJP’s policies to restore the melting pot of the Indian subcontinent.
Analyzing Diverging Judgements in BPSL and DHFL Cases: Victim Perspectives and the Fragility of the IBC
The article examines two Supreme Court rulings under the Insolvency and Bankruptcy Code (IBC) that reveal troubling inconsistencies. In the BPSL case, JSW Steel’s ₹19,350 crore resolution plan—initially approved by the Committee of Creditors (CoC) and NCLT—was overturned by the Supreme Court in May 2025, citing procedural lapses such as delay, improper financial instruments, and non-compliance with Section 29A. The judgment criticized the CoC and Resolution Professional for dereliction of duty, raising concerns over investor trust. Conversely, in the DHFL case, where Piramal Capital’s resolution plan addressed ₹87,248 crore in claims, the Court upheld the plan in April 2025 despite allegations of illegality, irregularity, bias and the exclusion of retail investors or ex-promoters from decision-making. Praising the CoC’s conduct, the Court reaffirmed creditor rights but overlooked unequal stakeholder treatment. The article argues that these diverging judgments expose the fragility of the IBC, highlight unchecked CoC power, and underscore the urgent need for a more transparent, inclusive, and just insolvency framework.
Mr. Ajay Piramal: Grand Philanthropism or Profiteering Facade?
The article critically examines the philanthropic image of Ajay Piramal, chairman of the Piramal Group. While reflecting on his supposedly projected contributions through the Piramal Foundation in areas like healthcare, education, and clean water initiatives, the article raises concerns about alleged financial misconduct and environmental extortion issues associated with his business practices over the years that seem to posit a crony collusion. It questions whether his philanthropic endeavours serve as a genuine commitment to social welfare or as a means to obscure less ethical corporate activities. The piece encourages readers to scrutinize the alignment between Piramal’s professed values and his business operations, suggesting a need for greater genunity in viewing a philanthro-capitalist!
Once in a Blue Moon Academia 