IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 782 OF 2010. In the matter of the Companies Act I of 1956 AND In the matter of Sections 391 to 394 of the Companies Act, 1956 AND Mahimna Mercantile Credits Limited. And Traitrya Constructions Finance Limited. And Shriyam Auto-Fin Limited. And Neptune Steel Strips Limited. And Mindtree Industrial Finance Limited. And Vishvakarma Equipment Finance (India) Limited. And Valuecorp Securities & Finance Limited. And Pearl Housing Finance (India) Limited. And Creative Ashtech Power Projects Private Limited. CREATIVE ASHTECH POWER PROJECTS ) PRIVATE LIMITED, a Company incorporated ) under the Companies Act,1956 and having its ) Registered Office at Demech House, 814, ) Law College Road, Pune 411 004 ) … APPLICANT Called Summons for Direction CORAM : S.J.VAZIFDAR ,J DATE : 26TH NOVEMBER, 2010 Mr. Rajesh Shah i/b Rajesh Shah & Co, Advocates for the Applicant Company MINUTES OF ORDER Upon the application of the Applicant abovenamed by a Summons for Direction AND UPON HEARING Mr. Rajesh Shah i/b Rajesh Shah & Co, Advocate for the Applicant Company, AND UPON reading the Affidavit dated 23rd November, 2010 of Mr. Vishal Laheri , Director of the Applicant Company in support of Company Summons for Direction and the Exhibits referred to therein, 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 modifications, the Scheme of Arrangement between Mahimna Mercantile Credits Limited, the First Demerged Company and Traitrya Constructions Finance Limited, the Second Demerged Company and Shriyam Auto-Fin Limited, the Third Demerged Company and Neptune Steel Strips Limited, the Fourth Demerged Company and Mindtree Industrial Finance Limited, the Fifth Demerged Company and Vishvakarma Equipment Finance (India) Limited, the Sixth Demerged Company and Valuecorp Securities and Finance Limited, the Seventh Demerged Company and Pearl Housing Finance (India) Limited, the Eighth Demerged Company and Creative Ashtech Power Projects Private Limited, the Applicant/Resulting Company, is dispensed with in view of the consents given by all the Equity Shareholders of the Applicant Company which are 2 annexed as Exhibits “U-1 to U-6” to the Affidavit in Support of Company Summons for Direction. 2. That there are no Secured Creditors of the Applicant Company as stated in paragraph 65 of the Affidavit in Support of Company Summons for Direction. Hence, the question of convening and holding the meeting of Secured Creditors does not arise. 3. That the convening and holding of the meeting of Unsecured Creditors of the Applicant Company, for the purpose of considering, and if thought fit, approving, with or without modifications, the Scheme of Arrangement between Mahimna Mercantile Credits Limited, the First Demerged Company and Traitrya Constructions Finance Limited, the Second Demerged Company and Shriyam Auto-Fin Limited, the Third Demerged Company and Neptune Steel Strips Limited, the Fourth Demerged Company and Mindtree Industrial Finance Limited, the Fifth Demerged Company and Vishvakarma Equipment Finance (India) Limited, the Sixth Demerged Company and Valuecorp Securities and Finance Limited, the Seventh Demerged Company and Pearl Housing Finance (India) Limited, the Eighth Demerged Company and Creative Ashtech Power Projects Private Limited, the Applicant/Resulting Company, is dispensed with in view of averments made in paragraphs 59, 66 and 67 of the Affidavit in Support of Company Summons for Direction. The Applicant Company undertakes to issue individual notice of the date of hearing of the Petition by Registered Post A.D. to all its Unsecured Creditors. The said undertaking is accepted. (S. J. VAZIFDAR, J) 3