IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.166 OF 2009 In the matter of Sections 78 and 100 to 104 of the Companies Act, 1956; And In the matter of Annulment allotment of 42,000 Equity Shares issued and allotted by Konark, Synthetic Limited and the consequent reduction in the Issued, Subscribed and Paid-up share capital and the Share / Securities Premium Account. KONARK SYNTHETIC LIMITED ) a Company incorporated under the ) Companies Act, 1956, having its ) registered Office at Building No.7, Mittal ) Industrial Estate, Andheri Kurla Road, ) Saki Naka, Andheri (East),Mumbai – 400 059 ) ..Applicant 1 Coram:- S. J. Vazifdar, J. Dated:- 6th February 2009 M I N U T E S O F O R D E R UPON THE APPLICATION of the abovenamed Applicant Company by a Summons for Direction AND UPON HEARING Mr. Birendra Saraf, instructed by Mr. Yogesh Adhia, Advocate for the Applicant Company AND UPON READING the Affidavit dated 30th of January 2009, of Mr. Anank K. Singhal, the Authorized Signatory of the Applicant Company in support of Summons for Direction AND the Applicant Company having passed a Special Resolution at the Extra Ordinary General Meeting of its Equity Shareholders held on 8th September 2008 and in view of the averments made in paragraph 17 of the said affidavit, in exercise of the powers and discretions conferred under Section 101(3) of the Companies Act, 1956 , the procedure prescribed under Section 101(2) of the said Act is dispensed with. COMPANY JUDGE 2