Final disposal of Speak Asia case on 8th August, 2011

Dear BizBasket viewers,

Please go through the following official communication from the SAOL Company which says that the final disposal of the case is expected on 8th August, 2012.

Dear Speakasians,

Yesterday was a very important day for us as our matter was heard by Hon'ble Supreme Court and we got a favourable response in the interest of all our panelists. We are happy to share that Honourable Court gave a patient hearing to our learned counsels and the other parties. The Hon'ble Court heard our plea that EOW is making baseless objections in sharing our data and we are not getting any cooperation from EOW in resolving the matter and disbursement of money which is already lying with the Registrar of Hon¹ble Supreme Court.  Based on our pleas, the Hon¹ble Court directed EOW to hand over the data to the Hon'ble Court on the next date fixed as 8th August for final disposal.

This indeed is a great achievement as we are inching close to our victory. What normally takes years to achieve, we have been able to get in just 3-4 months. We will use this interim period to consolidate our position which should help in early resolution of our problems.

We would also like to point out that Mr. Navnit Khosla has been consistently pursuing the matter in one form or the other and in different forums despite AISPA members handling his claims and his affidavit in that regard before Hon¹ble Mumbai High Court.  We fail to see his ulterior motive to derail the process of disbursement of money to panelists who have chosen to exercise the company’s exit option.

We would also like to share with you that we are taking legal opinion regarding early resumption of our business in India. We understand that some misguided people will try to spread panic and create doubts in the minds of our people. Also, do not give any of your personal details to any unauthorised person or on website which claims to be collecting data on behalf of the company.

We once again urge all our Speakasian family members to remain calm and patient as the resolution to our problems are well within our sights.

Warm Regards,

SpeakAsia Corporate Marketing Team

Speak Asia case in Supreme Court listed on 10th May, 2012

Dear BizBasket viewers,

As everyone know that the hearing of the SAOL matter under the writ 383/2011 in supreme court was scheduled today.

The Advocates for EOW were not present in the court and the honorable Supreme Court asked the CBDT (Income tax dept) for tax liability of Speak Asia and directed the IT dept to close this matter as soon as possible. Now the matter is listed for tomorrow (10th may 2012) hearing.

From our knowledge all we can say is, getting the next date so close i.e. just one day after the previous hearing is something very rare in Indian courts. So we can expect something positive tomorrow. Lets pray to god that we get some clear cut direction from the apex court so that the lakhs of Speak Asians who are trapped in financial mess get out of it and see a new dawn.

Proud to be Speak Asian ! ! !

Speak Asia case hearing preponed to 9th May 2012

Categories:

ITEM NO.MM2                   COURT NO.12             SECTION X

              S U P R E M E   C O U R T   O F    I N D I A

                           RECORD OF PROCEEDINGS

                      WRIT PETITION (CIVIL) NO(s). 383 OF 2011

SOLOMON JEMES & ORS.                                  Petitioner(s)

                   VERSUS

UNION OF INDIA & ORS.                                 Respondent(s)

Date: 04/05/2012    This Petition was mentioned today.

CORAM :

          HON'BLE MR. JUSTICE K.S. RADHAKRISHNAN

          HON'BLE MR. JUSTICE DIPAK MISRA

For Petitioner(s)      Mr.   U.U. Lalit, Sr. Adv.

                       Mr.   Sushil K. Tekriwal, Adv.

                       Ms.   K.V. Bharathi Upadhyaya, Adv.

                       Dr.   Mamta Tekriwal, Adv.

                       Mr.   Rajiv K. Raj, Adv.

                       Mr. Jitendra Mohan Sharma, Adv

                       Mr. Amit Anand Tiwari, Adv

For Respondent(s)       Mr. Vikas Mehta, Adv.

                       Mrs Anil Katiyar, Adv

                       Mr. Kuldeep S. Parihar, Adv

                       Mr. H.S. Parihar, Adv

                       Ms. Asha Gopalan Nair, Adv

            UPON being mentioned the Court made the following

                                O R D E R

                List on Wednesday i.e. on 09.05.2012.

          (NARENDRA PRASAD)                        (RENUKA SADANA)

             COURT MASTER                            COURT MASTER

Speak Asia next hearing in Supreme Court on 13/07/2012

Dear BizBasket viewers,

The next date of hearing of the Speak Asia case in Supreme court matter 383/2011 has been postponed to 13/07/2011. This has happened due to Supreme Court being closed for summer vacation.

Please verify this fact on the Supreme court website link http://courtnic.nic.in/supremecourt/casestatus_new/caseno_new_alt.asp

The case is going in positive direction and we hope that on 13th July we'll get a clear cut instruction from the honorable supreme court of India.

Regards
Team BizBasket

SpeakAsia Latest Update for Business Restart

Dear BizBasket Viewers,

We have another update from the SpeakAsia Team on the official blog. Please go through the official letter content below.

Dear Panellists,

As you are all aware that the company has been actively engaged in solving the current crises that it faces for the last eleven months. This journey has been long and tough and has brought out the best effort from all of us in combating the situation. We now do have reasons to believe that we should be able to resolve the current impasse soon.

As mentioned earlier, efforts are underway to open a permanent establishment of the company in India, so that it is able to re-start the business as a local entity in India, in accordance with the prevalent local laws.

In order to have a smooth and Hassel free re-start, we request you to kindly have the following documents ready as they will be required upon re-start of the business.

a) Name
b) Proof of Residential Address
c) Bank Account Details including Swift Code and IFSC Codes

Please do note that this only a preparatory exercise in anticipation of our business re-starts. Once we get all the permissions from the concerned authorities, we will communicate with you for the next set of actions to be taken.

We once again thank you for your support to the company during this difficult period

Warm Regards,

SpeakAsia Corporate Marketing Team
www.speakasiaonlinemarketing.blogspot.com

SpeakAsia Legal Facts Refresher

Dear BizBasket Viewers,

We are posting here a video which is a discussion between the Sr. Counsel of AISPA and Mr. Ashok so that everyone can understand the legal point of view and also know where we stand right now.

HINDI VIDEO

ENGLISH VIDEO

One can understand that we are really moving towards a final solution soon.