IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO.418.OF 2011 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 In the matter of the Scheme of Arrangement between. HU Consultancy Private Limited AND Pushkar Advisory Services Private Limited Pushkar Advisory Services Private Limited, a ) Company incorporated under the Companies Act, 1956 ) and having its Registered office at 1170/10, Revenue ) Colony, Shivajinagar Pune – 411 005 ) .........APPLICANT Called Summons for Direction CORAM : S. J. KATHAWALLA ,J DATE : 8th JULY, 2011 Mr. Hemant Sethi i/b Hemant Sethi & Co, Advocates for the Applicant Company MINUTES OF ORDER UPON the application of the Applicant abovenamed by a Company Summons for Direction AND UPON hearing Mr. Hemant Sethi i/b Hemant Sethi & Co, Advocate for the Applicant Company AND UPON reading the Affidavit dated 14th June,2011 of Mr. Nitin Gutka, Authorised Signatory of the Applicant Company in support of Company Summons for Direction and the Exhibits referred to therein, IT IS ORDERED:- 2 1. That convening and holding the meeting of the Equity Shareholders of the Applicant Company, for the purpose of considering, and if thought fit, approving, with or without modification(s) , the proposed Scheme of Arrangement between HU Consultancy Private Limited, the Demerged Company and Pushkar Advisory Services Private Limited, the Applicant/Resulting Company, is dispensed with in view of the consents given by both the Equity Shareholders of the Applicant Company which are annexed as Exhibits “G-1 and G-2” 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 22 of the Affidavit in Support of Company Summons for Direction. Hence, the question of convening and holding meeting of Secured Creditors does not arise. 3. That convening and holding the meeting of the Unsecured Creditors of the Applicant Company, for the purpose of considering, and if thought fit, approving, with or without modification(s) , the proposed Scheme of Arrangement between HU Consultancy Private Limited, the Demerged Company and Pushkar Advisory Services Private Limited, the Applicant/Resulting Company, is dispensed with in view of averments made in paragraphs 16, 23 and 24 of the Affidavit in Support of Company Summons for Direction. The Applicant Company undertakes to issue an 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. KATHAWALLA, J)