Category Archives: News Channel

On the RBI-Appointed CoC for DHFL: OBMA Video Report-III

The video discusses the role of the RBI-appointed Committee of Creditors (CoC) in the DHFL insolvency case, criticizing the CoC’s handling of the resolution process. It argues that the process was biased, particularly favoring Ajay Piramal over other bidders. The video highlights the exclusion of DHFL’s original promoters and alleges that the CoC neglected the interests of fixed deposit and NCD holders. It also questions the legality and ethicality of the CoC’s actions and calls for accountability.

Mr. Ajay Piramal and the DHFL Scam: OBMA Video Reports-II

The article discusses various allegations and controversies involving Ajay Piramal, including insider trading, environmental violations, and questionable acquisition practices in the DHFL case. It highlights his ability to obtain favorable legal outcomes, potential political connections with the BJP, and scrutiny over financial dealings. The piece suggests that Piramal’s influence and political support have shielded him from consequences.

Role of BJP in the DHFL Scam: OBMA Video Reports-I

The article explores the alleged involvement of the BJP in the DHFL scam, highlighting potential connections between Ajay Piramal and the party, including political donations and the Flashnet scam involving Piyush Goyal. It suggests a quid pro quo relationship where political donations were reciprocated with favors. The report also mentions accusations linking DHFL with terror funding via Dawood Ibrahim, late Iqbal Mirchi et al., and questions about transparency in financial dealings, particularly regarding donations to BJP through electoral bonds. The piece calls for a political critique of these issues.

Is the Present Indian Government Least Concerned about the Indian Armed Forces?

Posted on 28/10/2023 (GMT 00.40) Dedicated to the Indomitable Revolutionaries of The Indian National Army (1942-1945) and The Great Indian Naval Revolt (1946) “In response to the Quit India Movement launched in August 1942,  Savarkar instructed Hindu Sabhaites who were “members of municipalities, local bodies, legislatures or those serving in the army… to stick to their posts,” acrossContinue reading “Is the Present Indian Government Least Concerned about the Indian Armed Forces?”

When a Victim has become a Culprit: Mr. Ajay Piramal Filed a Case against Dr. Debaprasad Bandyopadhyay

The blog post is a fervent open letter to Ajay Piramal, chairman of the Piramal Group, condemning the acquisition of Dewan Housing Finance Corporation Limited (DHFL) by Piramal Capital and Housing Finance Limited (PCHFL) through what it claims was a fraudulent Insolvency and Bankruptcy Code (IBC) resolution process. It targets Piramal of securing DHFL at a bargain (Rs. 34,250 crores against a Rs. 94,000 crore book value), devastating fixed deposit holders, NCD investors, and small stakeholders—many elderly or reliant on these funds—while alleging a nexus with the Bharatiya Janata Party (BJP), figures like Nirmala Sitharaman, and the Reserve Bank of India enabled this through crony capitalism. The letter highlights the human toll, with depositors facing financial ruin, and charges Piramal with using legal intimidation, including via DSK Legal, to suppress activism from groups like Once in a Blue Moon Academia (OBMA). Demanding justice, including full repayment with interest for DHFL victims, the post challenges Piramal’s philanthropist image as a hypocritical mask for exploitation, citing his professed adherence to the Bhagavad Gita as incongruent with his actions. It references legal precedents like the 63 Moons verdict and ongoing resistance efforts, blending financial analysis with moral outrage to argue that the resolution process violated natural justice, prioritizing corporate gain over retail investors. The letter positions itself within a broader campaign against corporate malfeasance, calling for accountability and restitution amidst claims of systemic corruption and regulatory failure.