Dear Panelists,

As you are all aware that the company has been actively 

engaged in solving the current crises that it faces for the 

last eleven months. This journey has been long and tough and 

has brought out the best effort from all of us in combating 

the situation. We now do have reasons to believe that we 

should be able to resolve the current impasse soon.

As mentioned earlier, efforts are underway to open a permanent 

establishment of the company in India, so that it is able to 

re-start the business as a local entity in India, in 

accordance with the prevalent local laws.

In order to have a smooth and Hassel free re-start, we request 

you to kindly have the following documents ready as they will 

be required upon re-start of the business.

a)    Name
b)    Proof of Residential Address
c)    Bank Account Details including Swift Code and IFSC Codes

Please do note that this only a preparatory exercise in 

anticipation of our business re-starts.  Once we get all the 

permissions from the concerned authorities, we will 

communicate with you for the next set of actions to be taken.

We once again thank you for your support to the company during 

this difficult period 

Warm Regards,

SpeakAsia Corporate Marketing Team
Offical Blog : http://speakasiaonlinemarketing.blogspot.in/

Hearing on 23rd April (Tomorrow) in Andra Pradesh High Court :

Case No. CRLP 10782 / 2011

PETITIONER : MR.RAJIV MEHROTRA & 4 OTHERS

RESPONDENT : THE STATE OF A.P., REP BY ITS PP HC OF A.P & ANOTHER

DISTRICT:  HYDERABAD

SUBJECT: U/s.482 Cr.p.c Quash the F.I.R

CASE IS:PENDING

Next hearing Date : 23-04-2012

• Dear friends,
  SAOL Management has taken various steps from day one for the benefit of the panelists and kept speak asian family well informed about all progress.

May 2011 :  Speak Asia did a press conference to explain their business model.

June 2011 : Wrote to ministries and RBI for business model presentation.

July 20011 : Given presentation to RBI.

August  2011 : Announced exit option.

September 2011 : Won the WRIT filed against RBI to change the circular which has taken speak asia name.

November 2011 : Filed an affidavit in supreme court of its intention to pay its panelists opting for exit option and for business restart.

January 2012 : Given an affidavit to Mr. Lahoti committee appointed by supreme court as mediator an affidavit to clear all dues of panelists and government agencies.

February 2012 : Deposited Rs. 50 crores with supreme court registry as surety with an affidavit to bring in more funds if required to pay dues.

March 2012 : Requested for website to ascertain dues and start payment process.

April 2012 : SAOL management is approaching to various agencies like ROC, MCA and all legal formalities are in process for PE in background.

Few points I like to convey you all my fellow Speak Asians :

1. Company will not go anywhere now that is confirm , so be confident and faithful towards our esteem company SpeakAsia Online (refer to last two updates of company on its marketing blog in speakasiamarketing.blogspot.com)

2. SC proceedings will give direction to the further cases of SAOL i.e; Mumbai & AP accordingly

3. Be United & respectful to every one who are working in our speak asians favour all over India

Jai SpeakAsia……..

- Manish Jain