1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO.468 OF 2011 In the matter of the Companies Act, 1956 (1 of 1956); And In the matter of Sections 391 to 394 and section 100 of the Companies Act, 1956; And In the matter of Scheme of Arrangement between Courtyard Properties Private Limited And Panchshil Techpark Private limited And their respective shareholders and creditors Courtyard Properties Private Limited, a Company } registered under the provisions of the Companies } Act, 1956 having its registered office at Shop No. 27, } 28,29 and 30, First Floor, Shubhada Building, } Near RTO Office, Sir Pochkhanwalla Road, Worli } Mumbai – 400 030 } ….Applicant Company Called Summons for Direction Coram: S. J. KATHAWALLA, J DATE: 29th JULY, 2011 Mr. Hemant Sethi i/b. Hemant Sethi & Co., Advocates for the Applicant. MINUTES OF THE ORDER UPON the Application of the Applicant Company above named by a Company Summons for Direction AND UPON HEARING Mr. Hemant Sethi instructed by Hemant Sethi & Co., Advocates for the 2 Applicant Company, AND UPON READING the Affidavit dated 16th June 2011 of Mr. Paresh Bafna, Authorised Signatory of the Applicant Company, in support of Company Summons for Direction and the Exhibits therein referred to, IT IS ORDERED: 1. That the convening and holding of the meeting of 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 Courtyard Properties Private Limited, the Transferor Company and Panchshil Techpark Private limited, the Transferee Company is dispensed with in view of consents given both the Equity Shareholders of the Applicant Company which are annexed as Exhibits “C1” and “C2” to the Affidavit in support of Company Summons for Direction. 2. That the convening and holding of the meeting of Secured Creditor 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 Courtyard Properties Private Limited, the Transferor Company and Panchshil Techpark Private limited, the Transferee Company is dispensed with in view of the averments made in paragraphs 15 of the Affidavit in support of Company Summons for Direction. The Applicant Company undertakes to serve an individual notice of hearing of 3 Petition by R.P.A.D upon its Sole Secured Creditor and also to publish the same in two local newspapers, viz; „Free Press Journal‟, in English language and „Maharashtra Times‟, in Marathi language having circulation in Mumbai. The said undertaking is accepted. 3. That the convening and holding of the meeting of 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 Courtyard Properties Private Limited, the Transferor Company and Panchshil Techpark Private limited, the Transferee Company is dispensed with in view of the averments made in paragraphs 16 and 17 of the Affidavit in support of Company Summons for Direction. The Applicant Company undertakes to serve an individual notice of hearing of Petition by R.P.A.D upon its sole Unsecured Creditor and also to publish the same in two local newspapers, viz; „Free Press Journal‟, in English language and „Maharashtra Times‟, in Marathi language having circulation in Mumbai. The said undertaking is accepted (S. J. KATHAWALLA, J)