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Friends, there 3 Mega events in October, 2011 regarding the court cases of Speak Asia.
Let us see what are these event, & will this help the company to win & get back?
All complaining about updates, can just guide the present scenario:
4th, October:
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RBI meeting was held with SAOL on 20th September, some queries and documents r asked by RBI, for which 2 weeks time is given by RBI, now SAOL will give results & replies in 2 weeks to RBI that ends up on 4th October. it may be sooner. & since RBI is satisfied with the business model and work of SAOL that's why they r further interested to get more things related and will give clearance soon.
10th, October:
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Case is also going on in Hon’ble Supreme court of India, that is from panelists side, its hearing is on 10th October. in it RBI, ROC, MCA are involved. SAOL is represented by one among the top five lawyers in India, Mukul Rohatgi
12th, October:
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Since the Hon’ble judge of Mumbai High Court is elevated to supreme court of India, that's why our case in Mumbai High Court got delayed by 21 days, due to the fact that durga pooja holidays came during the course…hearing is on 12th October now. in Mumbai high court, EOW, ROC and MCA are involved.
Nearly all agencies have finished its inquiry, EOW, ROC, MCA, SFIO, and RBI is doing through meets and documents verification. so in the current scenario, i can assure this only. that if anything faulty or fraudy would have been detected then, neither RBI would have called again for few more things, and also till this time charge sheet against company in various fields and frauds would have been filed, so… its just a matter of some days more, we all will be celebrating our win…as all is in judicial procedure now…it depends on clearance in Courts, and since too much holidays are coming, so hearings are delayed…and things are moving slowly…!!
Kindly bear with this…!!
All complaining about updates, can just guide the present scenario:
4th, October:
---------------
RBI meeting was held with SAOL on 20th September, some queries and documents r asked by RBI, for which 2 weeks time is given by RBI, now SAOL will give results & replies in 2 weeks to RBI that ends up on 4th October. it may be sooner. & since RBI is satisfied with the business model and work of SAOL that's why they r further interested to get more things related and will give clearance soon.
10th, October:
----------------
Case is also going on in Hon’ble Supreme court of India, that is from panelists side, its hearing is on 10th October. in it RBI, ROC, MCA are involved. SAOL is represented by one among the top five lawyers in India, Mukul Rohatgi
12th, October:
---------------------
Since the Hon’ble judge of Mumbai High Court is elevated to supreme court of India, that's why our case in Mumbai High Court got delayed by 21 days, due to the fact that durga pooja holidays came during the course…hearing is on 12th October now. in Mumbai high court, EOW, ROC and MCA are involved.
Nearly all agencies have finished its inquiry, EOW, ROC, MCA, SFIO, and RBI is doing through meets and documents verification. so in the current scenario, i can assure this only. that if anything faulty or fraudy would have been detected then, neither RBI would have called again for few more things, and also till this time charge sheet against company in various fields and frauds would have been filed, so… its just a matter of some days more, we all will be celebrating our win…as all is in judicial procedure now…it depends on clearance in Courts, and since too much holidays are coming, so hearings are delayed…and things are moving slowly…!!
Kindly bear with this…!!
u will get results soon…!!
(Source)
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