Top Posts Tagged with #accountableauditors

The IBC (Amendment) Act, 2026: Cosmetic Speed or Deepening the Crony Heist?

Posted on 17th April, 2026 (GMT 03:55 hrs) ABSTRACT This report by Once in a Blue Moon Academia indicts the IBC (Amendment) Act, 2026 as a high-speed polish on a structurally flawed regime. While promising faster resolutions and marginal creditor safeguards, it leaves untouched the core contradictions — especially the tension between Section 66 (fraud recovery for creditors) and Section 32A…

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Bankruptcy as Profitable "Bijness": India’s Grand IBC Heist!

Posted on 15th April, 2026 (GMT 12:31 hrs) ABSTRACT India’s insolvency regime, culminating in the Insolvency and Bankruptcy Code (IBC, 2016), represents not a rupture but a refinement of a long-standing political economy that protects and reproduces elite accumulation. While the pre-2014 framework (BIFR/SICA/DRT/SARFAESI) enabled overt promoter impunity through delay and fragmentation, the…

The 23.08% Illusion? DHFL Scam and the IBC’s Presumed Finality

Scrap IBC Now: How Section 32A Buried Section 66 | The DHFL Case (Video)

Posted on 7th April, 2026 (GMT 08:35 hrs) ABSTRACT In the DHFL insolvency — India’s first major NBFC case under the IBC — over 2.5 lakh retail depositors, including pensioners and widows, suffered heavy haircuts of 54–77% on their life savings. Yet the company emerged spotless in Piramal’s hands, fully discharged from a ₹5,050 crore PMLA case in February 2026 under Section 32A of the IBC.…

A DHFL Victim’s Anonymous Letter — and the YouTube “Dislike” Campaign

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A DHFL Victim’s Anonymous Letter — and the YouTube "Dislike" Campaign

Posted on 23rd March, 2026 (GMT 03:18 hrs) ABSTRACT This post presents an anonymous testimony from a DHFL depositor, documenting the lived human cost of India’s crony-capitalist financial regime. Through a raw account of loss, dispossession, and psychological distress following the DHFL collapse and subsequent resolution process, the letter foregrounds how institutional decisions, regulatory…

Opaque by Design: The DHFL "Resolution" and Institutional Evasion — An Open Letter to the Reserve Bank of India (RBI)

Posted on 23rd March, 2026 (GMT 01:40 hrs) ABSTRACT The DHFL insolvency resolution under the Insolvency and Bankruptcy Code (IBC), 2016, stands as a stark exemplar of systemic opacity, regulatory evasion, and alleged crony favoritism in India’s financial ecosystem. Initiated by the Reserve Bank of India (RBI) in November 2019 through the supersession of the DHFL Board and referral to the…

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🚨 Expose the Dirty Secret of India’s Insolvency Regime 🚨 What if the system designed to resolve financial distress is actually protecting those responsible for it? What if “resolution” has become a shield for erasure—of accountability, of fraud, of justice? This piece uncovers how structural loopholes are enabling powerful actors to walk away clean, while victims are left to absorb devastating losses. It challenges the narrative of efficiency around insolvency and asks a harder question: who really benefits from this system? 💥 From legal contradictions to systemic design flaws, this is not just about one case—it’s about a pattern. 💥 A pattern where accountability is diluted and public trust is quietly dismantled. If you believe in transparency, fairness, and the rule of law, this is a conversation we cannot ignore. 👉 Read, reflect, and raise your voice. Silence only strengthens impunity. #IBCReformNow, #FinancialGovernanceCrisis, #PublicPolicyFailure, #CorporateAccountability, #RegulatoryFailureIndia, #TransparencyInBankruptcy, #EthicalGovernanceIndia, #FinancialJusticeIndia, #DHFLScam, #AccountableAuditors, #RatingAgencyReform, #PublicInterestFirst, #RuleOfLawMatters, #DemocraticOversight, #PoliticalEconomy, #Seize_Cronies_Fairplay_for_DHFL_Victims, #Alleged_Dawood_Mirchi_RKW_DHFL_BJP_Collusion, #Scrap_IBC, #Scrap_RBI_appointed_COC_for_DHFL, #ScrapIllConceivedIBC,

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