Speak Asia SC Hearing 06/02/2012

 

 

 

Dear viewers,

This morning brought one of the greatest news of this year. Today in Supreme Court the SAOL management got its clear victory. The honorable Supreme Court has passed an order which is clear and exactly in the favor of the Company.

Following are some extract of the order of the honorable supreme court:

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

2. Central Board Of Direct Taxes (Income Tax Authority) has been asked to give the details of their dues from the Speak Aisa.

3. Economic Offence Wing(Mumbai Police) has been ordered to handover the admin rights of the website along with all other material to the Hon’ble Mr. Justice R. C. Lahoti.

Stay tuned with us we'll provide you with more information on this.

  SAOL will deposit the total amount with Supreme court and panelists will be paid their dues through the channels monitored by supreme court.

The company was more than willing to pay and even offered that they can pay these amounts from Singapore bank directly, but the court did not agree and asked them to submit in India, on which the company readily agreed.

We always talked about company's intention and this is a victory of that intention. Things are moving in the direction which company always wanted to and the hearings now are result oriented.

Proud To Be speakasian!!!