Supreme courts order on Speak Asia case as on 23/02/2012

Dear viewers,

Please go through the latest judgement of the honorable supreme court in the SAOL case. You may also find the exact order on this link also :

http://courtnic.nic.in/supremecourt/temp/383201132322012p.txt

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 favor 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.