Legal Proceedings- 26th Dec.,11

From the past couple of weeks it is not clear what are all the progressions in the investigation by EOW. The last news we heard was AISPA's president Melvin Castro being taken into custody and were suspected to be SpeakAsia officials.
In no way things are getting easier for speakasia as well as the panelists. People are becoming restless day by day and what what adds to their discomfort is that there is no proper updates regarding this issue.
Today in Times Of India an article was published titled "Fraud firm spent 100cr on realty, cars". This title itself surprised me. No final decision has been made by the court, then how can they give SpeakAsia the title of "Fraud". Well that's another side of the story. Now coming to the legal side, the next hearing to speakasia cases are dated on 5th and 16th december.The details are furnished below.
5th Jan-Bombay (Criminal) Case Number - WP/3210/2011-M/S. SPEAK ASIA ONLINE PTE LIMITED V/S THE STATE OF MAHARASHTRA AND ANR
16th Jan-Bombay (Criminal) Case Number - WP/3611/2011 -ALL INDIA SPEAK ASIA PANELIST ASSOCIATION AND ORS V/S THE STATE OF MAHARASHTRA AND ANR


The legal proceeding in our country are very slow so we have to wait and remain united.
Lets hope for the best.

Speak Asia Mediation Process Started

The much awaited mediation meeting under the chairmanship of honorable retd. chief justice started today at the mediation center in New Delhi.
As per the news which we got from the officials of the SAOL, Mr. R. C. Lahoti had listened all points carefully and issued further notices to all concerned departments. Advocate Mr. Rajiv from panelists side, Adovocate Mr. Abdi from the Company side and advocates from RBI only were present there. No other department officials were present there. All the advocates of SAOL are satisfied from todays proceedings and outcome of todays meeting. All other departments got notices from Mr. Lahoti.
The meeting is not yet concluded and will be continued for some more sessions in couple of days. As and when we'll get the update of the meeting we'll keep you all posted.

BIZBASKET

Profile of Justice Lahoti

Hon’ble Mr. Justice R.C. Lahoti 

Former Chief Justice of India

Lahoti’s Profile : 

Full Name : Ramesh Chandra Lahoti

DATE OF APPOINTMENT : 09/12/1998

DATE OF APPOINTMENT AS C.J.I. : 01/06/2004

HELD OFFICE TILL : 31/10/2005

Educational Qualification : B.Com., LL.B

Date of Birth :  01-11-1940

Order of Supreme Court

Here is the official write up of the order given by supreme court(14th Nov)
http://courtnic.nic.in/supremecourt/temp/3832011314112011p.txt

Supreme Court Verdict - 14th Nov,11

The hearing of today's session is over and as of the news received till now Justice R.S.Lohati has been appointed as mediator between SpeakAsia and government.

The next hearing is on 21st November and Justice Lohati will look into the matter further.

More updates to follow soon.