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Speak Asia Deposits $10 million with Supreme Court of India

February 27, 2012 By Legal Solutions

The order dated 23 February 2012 is as follows, whereby Speak Asia has deposited the amount as per the order of the Supreme Court of India.
“SUPREME COURT OF INDIA
RECORD OF PROCEEDINGS
WRIT PETITION (CIVIL) NO(s). 383 OF 2011
SOLOMON JEMES & ORS.
VERSUS
UNION OF INDIA & ORS.
(With application for impleadment, directions, stay and office
report)
Date: 23/02/2012 This Petition was called on for hearing today.
UPON hearing counsel the Court made the following
O R D E R
In pursuance to the directions of this Court dated 6th February, 2012, respondent Nos. 3 and 4 have deposited an amount of US $ 10 million by way of a bank draft bearing DD No. 037002 dated 20th February, 2012 drawn on State Bank of India, Singapore Branch in favour of “The Registrar, Supreme Court of India” in the Registry of this Court.
Learned counsel for the respondent Nos. 3 and 4 submits that this amount be deposited in a fixed deposit for a period of 91 days initially with the UCO Bank, Supreme Court Compound, on an auto renewal basis.
This request seems to be reasonable and we order accordingly.
We also direct the Secretary General of this Court to invest the amount today itself in the UCO Bank, Supreme Court Compound for a period of 91 days on auto renewal basis.
With these directions, this application stands disposed of. However, it is made clear that the disbursement of the amount would be subject to further orders of this Court.
Learned Additional Solicitor General undertakes to file an Affidavit. She may do so within a period of two weeks.
Reply, if any, thereto be filed within two weeks thereafter.
– Court Master”
source: http://courtnic.nic.in/supremecourt/temp/383201132322012p.txt

Filed Under: Cyber Crime, SpeakAsiaOnline

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