1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1098 OF 2009 In the matter of the Companies Act 1 of 1956); AND In the matter of Sections 391 to 394 of the Companies Act, 1956; AND In the matter of Scheme of Arrangement between Forma Sports Private Limited and Classic Stripes Limited Forma Sports Private Limited, a company incorporated under the Companies Act, 1956 having its Registered Office at 76-79, Classic Stripes House, Makhwana Lane, Off Andheri Kurla Road, Marol, Andheri (East), Mumbai – 400 059. ) ) ) ) …Applicant Company. Called for Summons for Direction Coram: S. J. Kathawalla, J Date: 16th October, 2009 Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., for the Applicant 2 MINUTES OF THE ORDER UPON the application of the Applicant Company abovenamed by a Summons for Directions AND UPON HEARING M/s. Rajesh Shah instructed by Rajesh Shah & Co., Advocate for the Applicant Company, AND UPON READING the Affidavit dated 1th October, 2009 of Mr. Arun Ashokan, the Constituted Attorney of the Applicant Company, in support of the Summons for Directions IT IS ORDERED:- 1. That the convening and holding of the meeting of the Equity Shareholders of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Arrangement between Forma Sports Private Limited, “the De-merged Company” and Classic Stripes Limited, “the Resulting Company” is dispensed with in view of the consent given by all the Equity Shareholders of the Applicant Company, which is annexed as Exhibit “B-1” and “B-2” to the affidavit dated 7th October, 2009 of Mr. Arun Ashokan, the Constituted Attorney of the Applicant company in support of the Summons for Directions 3 2. There are no Secured Creditors of the Applicant Company as mentioned in paragraph 15 of the Affidavit in support of Summons for Directions, 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 the Un-secured Creditors of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Arrangement between Forma Sports Private Limited, “the De-merged Company” and Classic Stripes Limited, “the Resulting Company” is dispensed with in view of the averment made in para 16 of the Affidavit dated 7th October, 2009 of Mr. Arun Ashokan, the Constituted Attorney of the Applicant Company, in support of the Summons for Directions. The Applicant undertakes to issue notice of date of hearing of Petition to all its Un-secured Creditors by Registered Post A.D. and also to publish the same in Free Press Journal, in English and Maharashtra Times, in Marathi. The said undertaking is accepted . ( S. J. Kathawalla, J.)