[Resolved]  Shree Om Sai Nath Car On Rent — Good News-Court hearing details 8 March 10

The Judge was oblivious of the fact that Mr. Roopesh Verma is undergoing an ordeal & pain which he was not destined to and has clearly directed the police/eow to submit the charge sheet by 18th March 2010 (next hearing date) or he will take an appropriate decision to give bail or dismiss the case.

The complainants lawyers were not allowing Mr. Dharmender Arya to speak taking up flimsy excuses of telling the court he will runaway But Mr. Arya has submitted to the court the approximate value of the properties, hotels, resorts, cars, office premises, bank accounts, cash & other assets confiscated/sealed/frozen by the police/eow and said it is sufficient enough to repay all the investors dues as the company was running for last 9-10 years and now he is not able to run the business because of the unreasonable complaints/FIR he is suffering loss of business, revenue, income, goodwill etc. in his own right.

Today the Judge has categorically mentioned that all those who have made complaints any where in India & has already received the invested amount in 13-18 months of repayment can not make any claim. Those who have given affidavit of support and/or Declaration of Support will definitely be getting their returns/profit/compensation pm as per contract/agreement for rest of the period of 60 months. Those who have not given any Affidavit of support or Declaration for support can give the same at the earliest before next hearing or otherwise can make complaint if they so wish. Those who does not want to make complaint or give Affidavit of support or Declaration for support can wait for the company to restart & the company will take appropriate business decision at that time.

Mr. Arya has said that the case is in Mr. Vermas favour as the police/eow till today has not been able to gather any concrete evidence other then the no of complaints out of which most have already received their invested amount back & now they cannot have any claim/complaints. Company is also contemplating to sue the complainants and looking forward to claim crores of rupees in damages & image loss as & when the time comes. He also mentioned that Roopesh Verma in Mumbai court has said, “I have informed the investors of the problems in the company & I have also said to other courts that I want to return the due money of every investor.”

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