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SAOL - Supreme Court Hearing on October 17, 2011














October 18th,2011.


Dear Panelist,


The Honourable Justice Dalveer Bhandari of the Supreme Court strongly reprimanded the Ministry of Finance and the Reserve Bank of India, for not having filled the reply affidavit, to the written petition filed by the panellists of Speak Asia. Ministry of Finance and the Reserve Bank of India were supposed to file their reply on or before the 10th October 2011. Justice Dalveer Bhandari has asked Additional Solicitor general Kitit N. Rawal to ensure that both the respondents should file their affidavit before the next hearing. He also said that the casual attitude of the Government in this issue was very disturbing as it was the issue of the money and livelihood of so many people

Disposing before the bench of Justice Dalveer Bhandari and Justice Deepak Varma, Gopal Subramanian, senior council for Speak Asia explained the total business model of the company. He compared the business of Speak Asia to that of Ebay, where the consumer benefits most. He said this was a much better and refined version as the consumers not only got great deals but could also earn reward points that could be used to buy goods and services. He also emphasised on the training initiatives taken by the company. He lauded the extraordinary vision of the two Singapore based entrepreneurs and the unfortunate victimisation of the company

He urged the court to form a committee headed by Retd. Chief Justice R.C Lahoti, to facilitate the payments to be made to the panellists. He said that the company has the resources to complete all their obligations. He further added that the they have no problems with the ongoing investigations and had upmost faith in the law of the land. He also appraised the court on how the company has been harassed on the basis of some unsubstantiated media reports, and was pursuing legitimate business in the internet space which is the future of all business transactions


The council for the panellist Mr.Mukul Rohitgi urged the court for immediate relief for the panellist. The Supreme Court was most inclined to set up a committee to look into all the issues of the company and its panaellists


The Supreme Court has also instructed the CBDT and the EOW – Mumbai police who have the records of all the payments to be made party to the case, to be present for the next hearing which will be in the next two weeks.


This is wonderful news for all Speak Asians, as they see a ray of hope not only in being able to receive the money that they have earned but also to continue to work and grow with Speak Asia but on the other hand we would also request you all not to trust any rumor or any fake document as there has been fake documents circulating on the internet with fake stamp and sign of our chairperson.
Regards,
SpeakAsia Corporate Marketing Team.

Blog post reference link: http://speakasiaonlinemarketing.blogspot.com/