1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 767 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 N. R. CHEMICALS PRIVATE LIMITED, the First Transferor Company and J. P. S. RESINS PRIVATE LIMITED, the Second Transferor Company and ZAI BASTU PRIVATE LIMITED, the Third Transferor Company with N. R. COLOURS LIMITED, the Transferee Company ZAI BASTU PRIVATE LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at 248, Shanti Industrial Estate, S. N. Road, Mulund (W), Mumbai – 400 080. ) ) ) ) ) … Applicant Company. Called for Summons for Direction Coram: S. J. Vazifdar, J Date: 26th November, 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 abovenamed 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 2 READING the Affidavit dated 18th November, 2010 of Mr. Nirav Ravesia, Director of the Applicant Company, in support of the Summons for Direction and the exhibit therein referred to, 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 N. R. CHEMICALS PRIVATE LIMITED, the First Transferor Company and J. P. S. RESINS PRIVATE LIMITED, the Second Transferor Company and ZAI BASTU PRIVATE LIMITED, the Applicant / Third Transferor Company with N. R. COLOURS LIMITED, the Transferee Company is dispensed with in view of the consents given by both the Equity Shareholders of the Applicant Company, which are annexed as Exhibits “B-1” and “B-2” to the Affidavit in support of the Summons for Direction. 2. That there are no Secured and Unsecured Creditors of the Applicant Company as stated in paragraph 25 of the Affidavit in support of Summons for Direction. Hence, the question of convening and holding the meeting of Secured and Unsecured Creditors does not arise. (S. J. Vazifdar, J)