1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 690 OF 2011. 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 Arrangement between RAGINI TRADING & INVESTMENTS LIMITED and PARISHRAM PROPERTIES PRIVATE LIMITED and SHREE GLOBAL TRADEFIN LIMITED and PRAGYA REALTY DEVELOPERS PRIVATE LIMITED and Their Respective Shareholders & Creditors. RAGINI TRADING & INVESTMENTS LIMITED, a company incorporated under the Companies Act, 1956 having its Registered Office at The Gala No. 99/5, Mazanine Floor, Rajgor Chambers, Surat Street, Mumbai - 400 009, Maharashtra. ) ) ) ) ) ) … Applicant Company. Called for Summons for Direction Coram : S. C. Dharmadhikari, J. Date : 25th November, 2011 Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., for the Applicant 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 2 Affidavit dated 11th day of November, 2011 of Mr. Viresh Sohoni, 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 Scheme of Arrangement between RAGINI TRADING & INVESTMENTS LIMITED, the Applicant / the First Transferor / First Demerged Company and PARISHRAM PROPERTIES PRIVATE LIMITED, Second Transferor / Second Demerged Company and SHREE GLOBAL TRADEFIN LIMITED, the Transferee / Third Demerged Company and PRAGYA REALTY DEVELOPERS PRIVATE LIMITED, the Resulting Company is dispensed with in view of the consents given by all the Equity Shareholders of the Applicant Company, which are annexed as Exhibit “C-1” to “C-7” to the affidavit in support of the Summons for Direction. 2. That there are no Secured Creditors of the Applicant Company as stated in paragraph 26 of the Affidavit in support of Summons for Direction. Hence, the question of convening and holding the meetings of Secured Creditors does not arise. 3. That the convening and holding the meeting of the Unsecured Creditors of the Applicant Company to consider and approve the proposed Scheme of Arrangement between RAGINI TRADING & INVESTMENTS LIMITED, the Applicant / the First Transferor / First Demerged Company and PARISHRAM PROPERTIES PRIVATE LIMITED, Second Transferor / Second Demerged Company and SHREE GLOBAL TRADEFIN LIMITED, 3 the Transferee / Third Demerged Company and PRAGYA REALTY DEVELOPERS PRIVATE LIMITED, the Resulting Company is dispensed with in view of the consents given by the Unsecured Creditors of the Applicant Company, which are annexed as Exhibit “D-1 to D-15” to the affidavit in support of the Summons for Direction. (S C. Dharmadhikari, J.)