IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 241 OF 2010 In the matter of Sections 78 and 100 to 104 of the Companies Act, 1956; And In the matter of reduction of the Issued, Subscribed and Paid-up Equity Share Capital of MECS India Private Limited from Rs. 3,56,00,000/- divided in to 35,60,000 Equity shares to Rs. 35,60,000/- divided into 356,0000 Equity Shares of Re. 1/- each. MECS India Private Limited, a ] company incorporated under the Companies ] Act, 1956 having its registered office at 110, ] L.B.S. Road, Vikhroli (West), Mumbai 400 098 ] … Applicants Called for Direction Coram:- S. J. Kathawalla, J. Dated:- 9th April 2010 Mr. Yogesh Adhia, Advocate for Applicants 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. Yogesh Adhia, Advocate for the Applicant Company AND UPON READING the Affidavit dated 25th 2 March 2010, of Mr. Amit Joshi, the Principal Officer and 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 14th January 2010 and in view of the averments made in paragraphs 14 to 16 of the said affidavit inter alia, stating that there are no secured creditors of the Appellant Company and that the sole unsecured creditor of the Applicant Company has given his consent to the proposed reduction of share capital, which is annexed as Exhibit “I” to the said Affidavit and 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. (S J Kathawalla, J.)