IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 270 OF 2010. In the matter of the Companies Act 1 of 1956); AND In the matter of Section 391 to 394 of the Companies Act, 1956; AND In the matter of Scheme of Amalgamation of RKG PETROCHEM PRIVATE LIMITED, the First Transferor Company and SHAILEJA POLYMERS PRIVATE LIMITED, the Second Transferor Company and UNITED PETRO TECH (INDIA) PRIVATE LIMITED, the Third Transferor Company with CRESCENT ORGANICS PRIVATE LIMITED, the Transferee Company RKG PETROCHEM PRIVATE LIMITED, a company incorporated under the Companies Act, 1956 having its Registered Office at 404, FAIZ – E – QUITBI, 375, Narsi Natha Street, Mumbai 400 009 ) ) ) ) ) … Applicant Company. Called for Summons for Direction Coram: S. J. Kathawalla, J. Date: 16th April, 2010 Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., Advocate for the Applicant MINUTES OF THE ORDER UPON the application of the Applicant Company above named by a Summons for Directions AND UPON HEARING Mr. Rajesh Shah instructed by M/S. Rajesh Shah & Co., Advocate for the Applicant Company, AND UPON READING the Affidavit 1 dated 5th April, 2010 of Mr. Dilip P. Sheth, Director of the Applicant Company, in support of the Summons for Directions, IT IS ORDERED:- 1. That the convening and holding the meeting of the Equity Shareholders of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Amalgamation of RKG PETROCHEM PRIVATE LIMITED, the Applicant / First Transferor Company and SHAILEJA POLYMERS PRIVATE LIMITED, the Second Transferor Company and UNITED PETRO TECH (INDIA) PRIVATE LIMITED, the Third Transferor Company with CRESCENT ORGANICS PRIVATE LIMITED the Transferee Company is dispensed with in view of the consent given by all the Equity Shareholders of the Applicant Company as on date, which are annexed as Exhibits “B-1” to “B-19” to the affidavit in support of the Summons for Direction. 2. There are no Secured Creditors of the Applicant Company as mentioned in Paragraph 25 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 Unsecured Creditors of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Amalgamation of RKG PETROCHEM PRIVATE LIMITED, the Applicant / First Transferor Company; SHAILEJA POLYMERS PRIVATE LIMITED, the Second Transferor Company and UNITED PETRO TECH (INDIA) PRIVATE LIMITED, the Third Transferor Company, with CRESCENT ORGANICS PRIVATE LIMITED the 2 Transferee Company is dispensed with in view of the averment made in Paragraph 26 of the Affidavit in support of the Summons for Directions. The Applicant undertakes to give individual notice of date of hearing of Petition by Registered Post A. D. to all its Unsecured Creditors 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.) 3