IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1257 OF 2009 In the matter of Sections 78 and 100 to 104 of the Companies Act, 1956; And In the matter of Annulment of allotment of 16500 Equity Shares issued and allotted by Arrow Coated Products Limited and the consequent reduction in the Issued, Subscribed and Paid-up share capital and the Securities / Share Premium Account. ARROW COATED PRODUCTS LTD. ) A Company incorporated under the ) Companies Act, 1956, having its ) registered Office at 5D, Laxmi Industrial ) Estate, New Link Road, Andheri (West), ) Mumbai – 400 053 ) ..Applicant Called Summons for Direction Coram:- Dr. D. Y. Chandrachud, J. Dated:- 4th December 2009 Mr. Yogesh Adhia Advocate for Applicant 2 M I N U T E S O F O R D E R UPON THE APPLICATION of the abovenamed Applicant Company by a Summons for Direction AND UPON HEARING Mr. Yogesh Adhia, Advocate for the Applicant Company AND UPON READING the Affidavit dated 24th of August 2009, of Mr. Gulab Chand Yadav, the Executive Purchase & Logistics of the Applicant Company in support of Summons for Direction AND the Applicant Company having passed a Special Resolution at the Annual General Meeting of its Equity Shareholders held on 30th September 2008 and in view of the averments made in paragraphs 18 to 20 of the said affidavit, in exercise of the powers and discretions conferred under Section 101 (3) of the Companies Act, 1956, the procedure prescribed under Section 101(2) of the said Act is dispensed with. (Dr. D. Y. Chandrachud, J.)