Exit Now or Never.....

As per the Supreme Court Order (copy provided below) in the Case of Speakasia, Justice Lahoti has been given powers to calculate the total dues payable to Petitioners and Authorities.  As per my understanding,  the total dues as of now would mean

1)     The tax amount which the company may have to pay ,

2)     Penalties for violating Indian Laws, if any

3)     Cash Requests of Panelists which were bounced in the period after May 11

4)     And if I am not wrong , the request of everyone who has applied for exit option using the company site created specifically for this purpose.          

If we minutely scan through the order, it no where mentions that the Business will start again so soon.  Hence fundamentally speaking, anyone who has only subscribed to SpeakAsia E-Zine  but has never redeemed their RPs using either Cash Request Option or Buying PINS , this order raises a hope for them to get their original subscription amount back.  But for all other Panelists who have been able to encash rewards more than their original subscription amount, it does not make sense for them to exit.  As and when the business is back to its normal operations, person who are opting to exit now can very well comeback and make a new entry. The exit policy of the company is copied below..

Rest all is your understanding. This is plain practical talk and I sincerely hope that using the exit option will not hurt our loyalty towards speakasia and we still stay united and supportive to bring back our beloved company to its normal operations (Even a higher platform than you could imagine.)

.http://www.speakasiamarketing.com/

Since panelists have joined SAOL at different stages and time, the possible scenarios in case panelists chooses to EXIT will be as follows:

• NO Reward points (henceforth referred as RP ) earned after becoming a panelist:
  If you have recently subscribed to the E-Zine and have not participated in any of the SAOL activities or no RP's have been credited in your account then you can opt out of your association with SAOL by agreeing to these terms and conditions and filling up the attached form. By doing so you will a refund of your entire subscription cost less the registration amount to your bank account mentioned in your profile. The e-zine subscription shall cease to be sent to your mail ID and you will no longer be associated with SAOL.


• RP's Earned lesser than Subscription Cost:
  In case you have en-cashed or used RP's, whose total value is less than the subscription cost, these RP's shall be deducted from the cost of subscription and the balance will be credited in to your bank account. The ezine subscription will later cease to be sent to your mail ID and you will no longer be associated with SAOL.


• RP's en-cashed or used are more than subscription cost:
  You are welcome to participate in SAOL website since your participation has earned your RP's more than your subscription cost. You can now utilize the RPs for various revenue generating activities of the company once restart of our services is allowed in India.

http://courtnic.nic.in/supremecourt/querycheck.asp

http://courtnic.nic.in/supremecourt/temp/wc%2038311p.txt

ITEM NO.7 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 PROCEEDINGSWRIT 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,impleadment and
office report )
Date: 06/02/2012 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.
Dr. mamta Tekriwal,Adv.
Mr. Rajiv K.Raj,Adv.for
Ms. K.V.Bharathi Upadhyaya,Adv.
Mr. H.N.Salve,Sr.Adv.
Mr. Amit Sibbal,adv.
Mr Abadh Ponda,Adv.
Mr. Narhari Singh,Adv.
Mr. Vikas Mehta,Adv.
Mr. Jitendra Mohan Sharma,Adv.
Mr. Nitin Singh,Adv.
Mr. Ajeet Sharma,Adv.
Mr. Vivek Sibal,Adv.
Mr. Ashutosh Jha,Adv.
Mr. Ajay Kr. Jha,Adv.
Mr. Somesh Jha,Adv.
Mr. Vivek Singh,Adv.
Mr. Rajiv Yadav,Adv.
Mr. Amit Anand Tiwari,Adv.
For Respondent(s) Mr. Rajiv Dutta,Sr.Adv.
Mr. Abhinav Mukerji,Adv.
Mr. S.Madhusudan Babu,Adv.for
Mrs. Anil Katiyar,Adv.
-2-
For RBI Mr. Kuldeep S.Parihar,Adv.
Mr. H.S.Parihar,Adv.
Ms. Asha Gopalan Nair,Adv.
UPON hearing counsel the Court made the following
O R D E R
We have heard learned counsel for the parties.
In the peculiar facts of this case we direct respondent no. 6 to provide print out of the data collected to the learned Mediator by 11/2/2012. 
We request the learned mediator to ascertain how much amount in fact is due and payable to the petitioners and other authorities. We direct the concerned respondents to deposit the amount indicated by the learned Mediator with the Secretary General of the Supreme Court within two weeks of the order of the learned Mediator.
All the parties would be at liberty to participate in the proceedings before the learned Mediator.
[SUMAN WADHWA] [INDU SATIJA]
COURT MASTER COURT MASTER