Update from Corporate Marketing Team

                           

                                                                 

Dear SpeakAsians,

 
In furtherance to our earlier communication and also to bring more clarity to the subject please find below the course of action as being decided by the company:-

1) Whilst waiting for the Order passed by the Hon’ble Supreme Court to be made available to us, we would like to repeat and reiterate that payments to panelists opting out under the EXIT option remain the utmost priority for the Company.
 
2) At this stage, particularly since mediation process could not be completed, the Company would now take necessary legal steps to remit the payments to the panelists directly.
 

3) The Company is also in the process of approaching concerned Government authorities for seeking possession of the Panelist database in order to authenticate the information.

4) The Company would also approach the banks and RBI for the purpose of remittance of payments. An ascertainment date about disbursement will be provided once above formalities are done with.

5) In the meantime, the Company would also await Speaking Order from RBI which has to be passed by RBI by September 27, 2012 as per the Order of Bombay High Court and take appropriate steps as per the same.

The company has been fighting its battle for survival for more than a year’s period and at this stage, your cooperation and patience     in this battle is highly appreciated. We would urge the same deliberation from all of you for times to come.

 With all the efforts in line we are bound to overcome the difficult times.

Warm Regards,

SpeakAsia Corporate Marketing Team