<p>The apex court also postponed the date of hearing to July 19, 2011, from the previously scheduled hearing on February 5.<br /><br />Wire transfer or credit transfer is a method of electronic funds transfer from one person or institution (entity) to another.<br /><br />A bench headed by the Chief Justice S H Kapadia allowed the Vodafone plea after the company counsel and senior advocate Harish Salve submitted that the money would come through international transactions.<br /><br />"We need to transfer this amount (Rs 2,500 crore) directly from bank to the Supreme Court registry. It would save us a lot of money. If we get a bank draft it would be price over for us," Salve said.<br /><br />Accepting it, the court said that the Vodafone will deposit Rs 2,500 crore and a bank guarantee, issued by any nationalised bank, within 3 and 8 weeks, respectively.<br /><br />The bench also made it clear that the time period would start from November 15 when it had directed the company to deposit the sum.</p>
<p>The apex court also postponed the date of hearing to July 19, 2011, from the previously scheduled hearing on February 5.<br /><br />Wire transfer or credit transfer is a method of electronic funds transfer from one person or institution (entity) to another.<br /><br />A bench headed by the Chief Justice S H Kapadia allowed the Vodafone plea after the company counsel and senior advocate Harish Salve submitted that the money would come through international transactions.<br /><br />"We need to transfer this amount (Rs 2,500 crore) directly from bank to the Supreme Court registry. It would save us a lot of money. If we get a bank draft it would be price over for us," Salve said.<br /><br />Accepting it, the court said that the Vodafone will deposit Rs 2,500 crore and a bank guarantee, issued by any nationalised bank, within 3 and 8 weeks, respectively.<br /><br />The bench also made it clear that the time period would start from November 15 when it had directed the company to deposit the sum.</p>