Dear Speak Asians,
Please go through the order page of the Supreme Court given on 16th Jan, 2012 in SAOL matter in this article. In this order the apex court has ordered the Reserve Bank of India to file an affidavit within a period of two weeks. And now the hearing is listed on 6th Feb, 2012. You may also go through this link http://courtnic.nic.in/supremecourt/temp/383201131612012p.txt where you can read this order from the website of the honorable apex court.
We would like to draw your attention to an E mail communication dated 14th December, 2011, in which RBI has written to the company saying that the RBI has not placed any restrictions on the company bringing in money through proper banking channels, Further RBI has not placed any restrictions to pay any money to the panelists in accordance to law.
With this clarification from the RBI the way is cleared for the company to bring in the money for the panelists and is now only dependent on getting the requisite clearance from the Supreme Court. From this email communication we can be confident that the RBI's report to SC will definitely be positive. And once the RBI files an affidavit, and the SC gives an order based upon it, then the way will be clear for SAOL to distribute the money to the panelist and probably restart the business once again in full fledged manner.
Lets stay united in this last lap of victory.
Proud to be Speak Asian ! ! !
WP(C) 383/2011
ITEM NO.9 COURT NO.3 SECTION X
S U P R E M E C O U R T O F I N D I A
RECORD OF PROCEEDINGS
WRIT PETITION (CIVIL) NO(s). 383 OF 2011
SOLOMON JEMES & ORS. Petitioner(s)
VERSUS
UNION OF INDIA & ORS. Respondent(s)
(With appln(s) for impleadment, directions, stay and office report)
Date: 16/01/2012 This Petition was called on for hearing today.
CORAM :
HON'BLE MR. JUSTICE DALVEER BHANDARI
HON'BLE MR. JUSTICE DIPAK MISRA
For Petitioner(s) Mr. Mukul Rohtagi, Sr. Adv.
Mr. Sushil K. Tekriwal, Adv.
Ms. K.V.Bharathi Upadhyaya, Adv.
Dr. (Ms.) Mamta Tekriwal, Adv.
Mr. Rajiv K. Raj, Adv.
For Applicant (s)
In IA 2 Mr. Yashank P. Adhyaru, Sr. Adv.
Mr. Vivek Singh, Adv.
Mr. Rajiv Yadav, Adv.
in IA 3 Mr. Yashank P. Adhyaru, Sr. Adv.
Mr. Ashutosh Jha, Adv.
Mr. Amit Anand Tiwari ,Adv
Mr. Ajay K. Sharma, Adv.
Mr. Somesh Jha, Adv.
In IA 4 Mr. Jitendra Mohan Sharma, Adv.
Ms. Anjali Bargava, ADv.
Mr. Sandeep Singh, Adv.
Mr. Sameer Singh, Adv.
Mr. Nitin Singh, Adv.
For Respondent(s) Ms. Jyothi Singh, Adv.
For Rrs 3 & 4 Mr. Vikas Mehta, Adv.
WP(C) 383/2011
Ms. Aditi Bhat, Adv.
For RBI Mr. Kuldeep S. Parhihar, Adv.
Mr. H.S. Parihar, Adv.
For UOI Mr. Abhinav Mukerji, Adv.
Ms. Anil Katiyar, Adv.
UPON hearing counsel the Court made the following
O R D E R
Reserve Bank of India to file an affidavit within a period of two weeks.
