Thursday, April 26

Updates From AISPA - Ashok Bahirwani (25 Apr. 2012)

Good Evening Speakasians,

As we eagerly await the return of SAOL and restart of business we are also at the same time confused about various legal matters and most of us spend the entire day trying to analyze various court matters which only throw up more questions leading to further confusion and disillusionment. I attempt to bring to your attention a few court matters and the reality of Business Restart which in the final analysis is what majority of Speakasians are actually waiting for.

In the Andhra Pradesh High Court at Hyderabad the hearing in CRLP/10782 did not happen yesterday as the Hon’ble Judge was busy dictating a marathon Judgment and as such the hearing in this matter has been adjourned to Thursday the 26th April, 2012. Earlier this matter was by mistake listed under the section FOR DISMISSAL. This clerical mistake has since been rectified.

I can sense that many Panelists who call me from all over the country are looking at the next date in WP 383/2011 with too much hope and are looking at the hearing of the 30th to give them full relief and news of business restart etc; These Panelists call it the FINAL HEARING.

The most that should be expected is that the matter will move in our favor a couple of steps this in itself will be a huge achievement. These positive steps will help the process of EXIT OPTION to start.

We have seen in the past that the some sections of the media, be it the Print Media or the Electronic Media, gets into action on the day of an important Court matter or a few days before the date of an important hearing. Is this done with a clear malafide intention to prejudice the minds of the judiciary and the society at large against the company and against the business model of the company?

BE YOUR OWN JUDGE.

That this is an act of the highest form of contempt of court is quite evident from the stand taken by the Supreme Court in an unrelated matter of Sahara V/s SEBI matter, where the Supreme Court is in the process of setting up guidelines and standards for reporting on matters which are under investigation and sub judice.

I wish to forewarn this wonderful family of Speakasians that pay no heed to motivated news reports which may appear over the next few days. By now we have learnt to ignore such reports.

Our collective focus should be and I am sure is towards early business restart, I want to remind all of you the dialogue from the Shahrukh khan film Om Shanti OM “Agar aap kisi bhi cheez kho shiddat se chahte hai to poori kayanat aapko usse milane me lag jati hai”

We are too involved in trying to understand these Court Cases and we have completely forgotten the company official communication of the 3rd April the company has informed us that they are moving towards a quick business restart and we should expect some positive news from the company sooner than later.

I once again wish to remind this entire family of Speakasians that the company is extremely keen to restart the business activities at the earliest.

What I understand from the company communication of 3rd April is that the company is looking at the entire matter with the view of immediate restart of business and we are still stuck in debating amongst ourselves the various court cases.

Get up tighten your seat belts get ready for the kill, as per the company communication the company should be making the necessary announcement soon. DON’T MISS OUT ON THAT.

The company has left the court matters in the hands of a very eminent legal team and it has got involved on various other government forums trying to find ways and means of getting to restart the business which I am sure is the main interest of the majority of the panelists.

Zoom out your attention from the court cases, let that be handled by the eminent counsels who are doing the job very efficiently and we all should start reconnecting with our teams and start getting the teams together, once again remember “early bird gets the worm”.

AISPA is working towards providing you that platform where you can start meeting and connecting with everybody in a big way. Stay tuned and we will share with you the details of the event as it unfolds.

For starters let me give you a small hint. On 12th May, 2012 AISPA is organizing an ALL INDIA MOVEMENT along with a noble social cause in association with an internationally renowned organization. Get yourself updated through your up lines and leaders. Like Melwyn ji says TAKE CHARGE.

Get ready to come forward and join hands in our march towards the return of SAOL and for restart of Business activity together we can and together we will I take this opportunity to once again share these famous words.

“We are bound to WIN… and we will definitely WIN”.

Have Patience, Have faith, Trust Your Company.

Proud to be a Speakasian.

Jai Speakasia,

Jai speakasia,

Jai Speakasia.

Ashok Bahirwani
Secretary
AISPA