1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTIONS NO. 464 OF 2010 In the matter of the Companies Act, 1956 (1 of 1956); AND In the matter of Sections 391 to 394 of the Companies Act, 1956; AND In the matter of Scheme of Amalgamation of IKisan Limited (“Transferor Company”) With City Pulse Properties Limited (“Transferee Company”) and their respective shareholders IKISAN LIMITED, a company incorporated under the provisions of the Companies Act, 1956 and having its registered office at A/612, Dalamal Towers, 211, Nariman Point, Mumbai 400021. ) ) ) ) ) ) ) ……..Applicant Company Called for Summons for Directions Coram: S. J. Vazifdar J. Date: 2nd July, 2010 Mr. Hemant Sethi i/b. Hemant Sethi & Co., Advocate for the Applicant. MINUTES OF ORDER UPON the application of the Applicant Company above named by a Summons for Directions AND UPON HEARING Mr. HEMANT SETHI instructed by HEMANT SETHI & Co., Advocates for the Applicant Company, AND UPON READING the Affidavit dated 25th day of June, 2010 of Ms Tasneem Shariff, Company Secretary and Authorised Signatory of the Applicant Company, in support of Summons for Directions, IT IS ORDERED: 2 1. That convening and holding the meeting of the Equity Shareholders of IKisan Limited, the Applicant Company, for the purpose of considering and, if thought fit, approving, with or without modification(s), the arrangement embodied in the proposed matter of Scheme of Amalgamation of IKisan Limited (“Transferor company”) with City Pulse Properties Limited (“Transferee company”) and their respective shareholders (“Scheme”), is dispensed with in view of the consent given by all the Equity Shareholders of the Applicant Company, which are annexed as Exhibits “C1” to “C8” to the affidavit in support of the Summons for Directions. 2. There are no Secured Creditors of the Applicant Company as mentioned in paragraph 15 of the affidavit in support of the Summons for Directions, hence, the question of convening and holding of the meeting of Secured Creditors does not arise. 3. That convening and holding the meeting of the sole Unsecured Creditor of Ikisan Limited, the Applicant Company, for the purpose of considering and, if thought fit, approving, with or without modification(s), the arrangement embodied in the proposed matter of Scheme of Amalgamation of IKisan Limited, Transferor Company with City Pulse Properties Limited, Transferee Company and their respective Shareholders, is dispensed with in view of the consent given by the sole Unsecured Creditor of the Applicant Company, which is annexed as Exhibit “D” to the affidavit in support of the Summons for Directions.. ` (S.J.VAZIFDAR J.)