I think that $$\lim_{(x,y)\to(0,0)} \left(\frac{3}{2y}-\frac yx\right)^2+\left(\frac 1y-\frac yx\right)^2=+\infty$$
But I can’t find a way to prove it. I first tried expanding the squares to find a reduction, but it gave me nothing. I tried polar coordinates, but I’m also stuck this way. I tried to write some minorization using $\dfrac 1{(xy)^2}\geqslant\dfrac 4{(x^2+y^2)^2}$. Any idea?
Clearly, the limit cannot be negative, since it is the sum of the squares of two functions of $x$ and $y$. Try the following.
Suppose that $$\lim_{(x,y)\to (0,0)} \bigg(\frac{3}{2y}-\frac{y}{x}\bigg)^2$$ does not diverge to $\infty$. Then the limit $$\lim_{(x,y)\to (0,0)} \bigg(\frac{3}{2y}-\frac{y}{x}\bigg)\tag{1}$$ does not diverge to $\pm\infty$. However, since $1/2y$ must diverge to $\pm\infty$ as $y\to 0$, and since $$\frac{3}{2y}-\frac{y}{x}-\frac{1}{2y}=\frac{1}{y}-\frac{y}{x}$$ it follows that if the limit $(1)$ doesn't diverge to $\pm\infty$, then the following limit will: $$\lim_{(x,y)\to (0,0)} \bigg(\frac{1}{y}-\frac{y}{x}\bigg)\tag{2}$$ Thus, either the limit $(1)$ or the limit $(2)$ or both diverge to positive or negative infinite values, meaning that the sum of their squares $$\lim_{(x,y)\to (0,0)} \bigg(\frac{3}{2y}-\frac{y}{x}\bigg)^2+\bigg(\frac{1}{y}-\frac{y}{x}\bigg)^2$$ diverges to $\infty$.