IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1176 OF 2009 In the matter of Section 391 to 394 of the Companies Act, 1956; And In the matter of Scheme of Amalgamation between Coralgrid Software Private Limited and Coralgrid Technologies Private Limited with Triple Point Technology (India) Private Limited Triple Point Technology (India) Private Limited, a Company ) Incorporated under the Companies Act, 1956 having its ) Registered Office at C 901-904, Pune IT Park, ) Bhau Patil Road, Aundh, Pune-411 020 )…..Applicant Company .. CORAM: Dr. D.Y. CHANDRACHUD J. DATE: 20TH NOVEMBER 2009 Mr. Hemant Sethi i/b Hemant Sethi & Co. Advocates for Applicant MINUTES OF ORDER UPON the application of the Applicant Company abovenamed by a Summons for Directions AND UPON HEARING Mr. Hemant Sethi i/b. Hemant Sethi & Co., advocates for the Applicant Company, AND UPON READING the Affidavit dated 16th day of November , 2009 of Mr. Sanjay Patwardhan, Authorized Signatory of the Applicant Company in support of Summons for Directions, IT IS ORDERED: 1. That convening and holding of the meeting of the Equity Shareholders of the Applicant Company, for the purpose of considering, and if, thought fit approving, with or without modification, the proposed Arrangement embodied in the Scheme of Amalgamation between Coralgrid Software Private Limited and Coralgrid Technologies Private Limited, the Transferor Companies with Triple Point 1 Technology (India) Private Limited, the Applicant/Transferee Company and their Respective Shareholders (“Scheme”) is dispensed with in view of consents given by all the Equity Shareholders of the Applicant Company which are annexed as Exhibits ‘K1’ &’K2’ to the affidavit in support of the Summons for Directions. 2. That convening and holding of the meeting of the Unsecured Creditors of the Applicant Company, for the purpose of considering, and if, thought fit approving, with or without modification, the proposed Arrangement embodied in the Scheme of Amalgamation between Coralgrid Software Private Limited and Coralgrid Technologies Private Limited, the Transferor Companies with Triple Point Technology (India) Private Limited, the Applicant/Transferee Company and their Respective Shareholders (“Scheme”) is dispensed with in view of averments made in paragraph thirty one of the affidavit in support of the Summons for Directions. Applicant undertakes to give individual notices by RPAD to all its Unsecured Creditors of the date of hearing of petition. The said undertaking is accepted. 3. There are no Secured Creditors in the Applicant Company as mention in paragraph thirty two of the affidavit in support of Summons for Directions . Hence the question of convening and holding meeting of the Secured Creditors does not arise. (DR. D.Y. CHANDRACHUD J) 2