Thursday, February 23

Updates From AISPA - Ashok Bahirwani (23 Feb. 2012)

Good Evening Speakasians,

On 21st February, 2012 the company’s (SAOL) SLP’s 7509 & 7510/2011 in the Hon’ble Supreme Court for quashing of Andhra Pradesh FIR’s were posted for hearing before the Registrar. The matters are now posted for the 27th February, 2012 before a regular bench.

Yesterday i.e. the 22nd February, 2012 the WP (criminal) 3210 and 3211 again of the company SAOL for quashing the Raigad and Thane FIR was listed at S. No 68 before the Hon’ble Divisional Bench of the Mumbai High court. The matter did not reach the listing and the board was discharged. The next date in this matter will be known today.

Today the AISPA writ 3611/2011 is listed at S. No 2 and will come up for hearing before the Hon’ble Divisional Bench of the Mumbai High Court. Pertinent to note here is that we have not been served with the Affidavit in Reply which the respondents (EOW & Navneet Khosla) were to file. We can clearly see the intent of the respondents; this is nothing but delaying tactics by the respondents.

Yesterday through the highlight section of aispa.co.in we were pleased to announce that the Company has deposited Rs. 50 crores with the Supreme Court.

We all will be also keenly awaiting the outcome of the next Hon’ble Lahotiji’s Meeting and hope to see the start of the first phase of the EXIT OPTION.

No doubt this EXIT OPTION is an important step in the normalization process, but majority of the panelists are keenly awaiting the restart of the business operations, as most of the panelists are not interested in opting for the EXIT. It has come to our knowledge that many Panelists who had initially opted for the EXIT OPTION are having doubts now in actually making the EXIT, and they have been calling me to ask for the procedure for cancelling their EXIT application.

I have been flooded with phone calls from all over the country asking when the web site will be available for log in and when the restart will actually happen. I only wish to inform my entire family of Speakasians that all this will happen and I remind all of you that no exact dates can be given especially when the matter is in the legal process and so many agencies like the courts, investigating agencies, other monitoring agencies and the mediation process are involved. I only request the entire family to keep the patience that we have collectively shown over the last 9 months and await the final victory which is that of restart of the business activities.

Friends fellow Speakasians many of you have been showing interest to contribute towards the funding of the Association. All Speakasians who wish to contribute towards the Association may deposit their contributions in the following account:

Name of Account: Speakasia Panelist Association of India

Account Number: 003010110006798

Bank Name: Bank of India

Branch: Mahim

Also send details of your contributions along with scanned copy of the pay in slip by E mail to aispa.finance@gmail.com so that proper stamped receipts can be issued to the contributors.

“Coming together is a beginning. Keeping together is progress. Working together is success."-- Henry Ford

Friends, fellow Speakasians we are witnessing history being made here, feel proud that you are part of this process of making history. You are the makers of the future corporate history, you are the proud Speakasian who dared to dream, you had the wisdom to trust and you dared to have faith in your trust. People, who make history and are the agents of change, dare to dream and then live their dream.Morya.

I for one have complete faith and trust on my knowledge, experience and intelligence to trust SAOL implicitly and I will continue to say

Morya… Bhai Morya.

Proud to be Speakasian… actually very proud

Jai Speakasia,

Jai Speakasia,

Jai Speakasia.

Ashok Bahirwani
Secretary
AISPA