Pastor Shibu Peediakal basically states that since we (New Testament believers) are God's temple/the Body of Christ, God's Law is not applicable to us. He emphasizes that everything is permissible for a believer.
If God's Law is not applicable to anyone who believes in Jesus Christ, does this mean that Old Testament laws related to homosexuality/bisexuality, adultery, fornication, obeying your parents, idolatry, etc. are all nullified? Is homosexuality/bisexuality, pedophilia, incest, disobeying your parents, idolatry, fornication, adultery/open marriages/swinging, divorce, etc. are all now permissible for a New Testament believer? When Christian preachers easily say we are no longer under the Law, if they fail to correctly explain that, they end up promoting many sins (licentiousness).
Like I already stated above, Pastor Peediakal used the argument that God's Law was not applicable in the Temple (i.e. God's temple being used as a refuge from punishment from the Law). If this is true, then why did God Himself work through Solomon to strike down Joab beside the altar for the sins he committed (refer to 1 Kings 2:31-34)? Even in the New Testament, why were professing believers (who are supposed to be the new Temple of God) struck down by God when they sinned against Him (ex. refer to the examples of Ananias and Sapphira in Acts 5:1-11 and the Corinthian believers who fell sick and died in 1 Corinthians 11:30)? Even believers can't run/escape God's justice (refer also to Galatians 6:7-10 and Revelation chapters 2 and 3 in which Jesus Himself warns the churches regarding punishment if they don't repent).
Romans 8:1 was misquoted by Pastor Shibu Peediakal (just like how the Brethren misquote, twist/distort it) by choosing to follow the Malayalam translation of this verse. The English KJV translation reveals a condition for being no longer under condemnation (i.e. you must stop following the flesh/sinful nature and instead follow the Holy Ghost- which is further supported by the other verses in the same passage- i.e. verses 4-14). This phrase given in the KJV defines those who are genuinely in Christ- i.e. they are the ones who no longer walk after the flesh/sinful nature, but instead after the Holy Spirit (Holy Ghost). When you leave this phrase out, then it perverts the meaning of that passage and thereby promotes the Calvinist teaching of unconditional eternal security.
I'd like to show you Romans 8:1-4 from the KJV with the emphasis of the phrase "who walk not after the flesh, but after the Spirit" given in verses 1 and 4. This is the right translation of that passage, not the Malayalam or other English translations.
Romans 8:1-4 (authorized KJV) :
There is therefore now no condemnation to them which are in Christ Jesus, who walk not after the flesh, but after the Spirit. 2 For the law of the Spirit of life in Christ Jesus hath made me free from the law of sin and death. 3 For what the law could not do, in that it was weak through the flesh, God sending his own Son in the likeness of sinful flesh, and for sin, condemned sin in the flesh: 4 that the righteousness of the law might be fulfilled in us, who walk not after the flesh, but after the Spirit.
When you misquote, twist/distort that verse, you can end up promoting licentiousness.
Pastor Shibu Peediakal's message seems to be no different from the antinomianism promoted by the Kerala Brethren. I think many Brethren and Pentecostals have become fed up regarding the extremist views regarding prohibitions against jewelry, certain types of clothing, consumption of alcoholic beverages, etc. and because of this, such teachings are being done by such pastors to address this problem which are coming out in a confusing way when they talk about being no longer under the Law. The problem is that there are people in such churches who either have an extremist conservative or extremist liberal view regarding such issues. Having modesty/limits is what is needed as a Christian. For example, the Bible doesn't forbid/ban jewelry and alcoholic beverages altogether. Instead, the Bible teaches moderation-
(1). don't wear too much jewelry or certain types of clothing to bring attention to yourself or even cause others to sin (ex. women wearing tight jeans/clothing and cleavage revealing apparel which can tempt men)
(2). don't drink alcoholic beverages to the point of becoming drunk.
Satan does a great job of trying to blur those boundary lines to create confusion and ultimately promote extremism and/or carnality.
Being no longer under the Law means that you are now a slave to righteous living. One doesn't have the license to sin (disobey God's commandments) by claiming doctrines like penal substitutionary atonement, imputed righteousness, unconditional election/predestination, unconditional eternal security, and the dispensation of grace. Refer also to my other blog post [The deception behind the doctrine of atonement/propitiation (PSA)].
Romans 6:1-2,14-18 (NLT):
Well then, should we keep on sinning so that God can show us more and more of his wonderful grace? 2 Of course not! Since we have died to sin, how can we continue to live in it?
14 Sin is no longer your master, for you no longer live under the requirements of the law. Instead, you live under the freedom of God’s grace.
15 Well then, since God’s grace has set us free from the law, does that mean we can go on sinning? Of course not! 16 Don’t you realize that you become the slave of whatever you choose to obey? You can be a slave to sin, which leads to death, or you can choose to obey God, which leads to righteous living. 17 Thank God! Once you were slaves of sin, but now you wholeheartedly obey this teaching we have given you. 18 Now you are free from your slavery to sin, and you have become slaves to righteous living.