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Final disposal of Speak Asia case on 8th August, 2012

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