The 6th February '12 Supreme Court order

Good Morning Speakasians,

Congratulations all Speakasians this is our first step to absolute victory. The hon’ble Supreme Court has passed an order which is absolutely in our favor....
The salient features of today’s orders are as follows:

1. SAOL has been ordered to deposit 50 crores with the Supreme Court Registry.

2. CBDT (IT Dept) has been asked to give the details of their dues.

3. EOW has been ordered to handover the admin rights of the website along with all other material to the Hon’ble Mr. Justice Lahotiji. 


Following is the Supreme Court order of 6th February '12 : 


http://courtnic.nic.in/supremecourt/temp/38320113622012p.txt 

Important to all SpeakAsian

Please go through the order page of the Supreme Court given on 16th Jan, 2012 in SAOL matter in this article. In this order the apex court has ordered the Reserve Bank of India to file an affidavit within a period of two weeks. And now the hearing is listed on 6th Feb, 2012. You may also go through this link

http://courtnic.nic.in/supremecourt/temp/383201131612012p.txt

where you can read this order from the website of the honorable apex court.
We would like to draw your attention to an E mail communication dated 14th December, 2011, in which RBI has written to the company saying that the RBI has not placed any restrictions on the company bringing in money through proper banking channels, Further RBI has not placed any restrictions to pay any money to the panelists in accordance to law.

With this clarification from the RBI the way is cleared for the company to bring in the money for the panelists and is now only dependent on getting the requisite clearance from the Supreme Court. From this email communication we can be confident that the RBI's report to SC will definitely be positive.

And once the RBI files an affidavit in the SC and gives an order based upon it, then the way will be clear for SAOL to distribute the money to the panelist and probably restart the business once again in full fledged manner.

Lets stay united in this last lap of victory.

Proud to be Speak Asian ! ! ! ! !

Updates as on 9th Jan.'12

Following are the latest updates on Speak Asia:

1. Today all the concerned parties to the case like RBI, EOW, CBDT, SAOL and others were been represented by their lawyers in court room. This was the major happening in the court room today where each and every party was present.

2. These Parties said to the court that they are unaware of the content of the mediation report submitted by Honorable Justice R. C. Lahoti to the Supreme Court, hence its difficult for them to give any decisions as they have not read the report yet.

3. Honorable Judges of Supreme Court has given orders to provide mediation report to all the Parties as soon as possible.

4. Now next hearing is fixed on Next Monday i.e. 16th Jan, 2012.

5. In the meanwhile the speakasiaonline.com website is back and operational once again. But as per the officials of SAOL the site is still with the EOW and has not been given back to Speak Asia management. The RPs which has got credited on 5th January, 2012 in your respective E-Vallets is the result of an automated process in the website and any operation has not been performed on the website from the SAOL technical team yet.

Friends ! the time to celebrate has not come yet. So there is nothing to get very excited. We need to wait for next Supreme Court hearing on 16th January, 2012. But from our continuous interactions with various authentic resources, Lawyers and SAOL officials one fact we can assure you all that our victory is not too far and we are surely going to see the business of Speak Asia getting normalized very soon. At this last phase of battle lets not get panic and wait for the next Supreme Court hearing.

Proud to be Speak Asian ! ! ! !

New Update as on 03/01/2012

In Solomon jame's case,Today Report has been submitted by Shri Lahoti ji In Supreme court and sent to Registry. 

The Hearing (Probably Judgement) will be Announced On 9th Jan 2012.

Plz check today's Order from Supreme court's site.

So Guys Chill... And be United upto that. 

Also see the link :  http://courtnic.nic.in/supremecourt/temp/38320113312012p.txt

Thanks.