TO WHOM IT MAY CONCERN
Sub: Requesting for Returning the Fees from the Administrator and Representatives of the RBI-appointed CoC for DHFL
Dear Sir/Madam,
This is to request you to kindly return the fees charged by Mr. R Subramaniakumar and Ms. Charu Sandeep Desai for (mis-)conducting the RBI-Appointed CoC for DHFL. Since the total process as executed by them is “contrary to law” (as per the Honourable NCLAT Verdict on 27/01/2022: Company Appeal (AT) (Insolvency) No. 677 and 800 of 2021), therefore, they do not have any moral or legitimate right to charge their fees (by putting additional financial burden on the ailing and distressed DHFL FD, NCD and Shareholders, especially during the pandemic) if they cannot justify their (mis-)deeds.
They must return their entire fees.
After the first verdict of the NCLT on 19/05/2021, the lenders of DHFL stated the following in their appeal against the said verdict:
SOURCE: Appeals Court Stays Order on Wadhawan VIEW HERE ⤡ (As reported on 26th May, 2021 ©The Mint)
The lenders said that the verdict of the NCLT would set a “bad precedent”, since the DHFL case was the first case to go under the experimental, ill-conceived IBC (2016).
Though NCLAT stayed the controversial NCLT order, the very same NCLAT, on 27/01/2022, found issues with the DHFL resolution process, as stated earlier.
View the full article at Requesting for Returning the Fees from the Administrator and Representatives of the RBI-appointed CoC for DHFL VIEW HERE ⤡
See Also:
SMELLING THE RAT IN THE DHFL-COC RESOLUTION PROCESS: A LETTER TO THE PRESIDENT OF INDIA⤡
PLEASE COMPOSE AN OBITUARY FOR THE RBI-APPOINTED COMMITTEE OF CREDITORS (COC) FOR THE DHFL⤡
Mr. Ashok khemka, IAS, tweeted this issue in a precise manner, i.e., small is beautiful:
https://twitter.com/AshokKhemka_IAS/status/1445550276744597511?t=kjZBHWSkdiVUAtjSu6Br-Q&s=08
https://twitter.com/AshokKhemka_IAS/status/1445193110879825923?s=20
Yours Sincerely,
Dr. Debaprasad Bandyopadhyay
Mrs. Rupa Bandyopadhyay
Mr. Akhar Bandyopadhyay
On Behalf of the Once In A Blue Moon Academia⤡
बहुजनहिताय बहुजनसुखाय च॥
(“For the happiness of the many, for the welfare of the many”)