1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.1370 OF 2008. In the matter of the Companies Act 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 SHRI SITARAM ISPAT PRIVATE LIMITED with TIRUPATI PIPE & ALLIED INDUSTRIES PRIVATE LIMITED SHRI SITARAM ISPAT PRIVATE LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at 122, Navi Peth, Jalgaon 425 001. ) ) ) …A pplicant Company. Called for Summons for Direction Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., for the Applicant Coram: S. A. Bobde, J Date: 19th September, 2008 MINUTES OF THE ORDER 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 SHRI SITARAM ISPAT PRIVATE LIMITED, “the Applicant / Transferor Company” with TIRUPATI PIPE & ALLIED INDUSTRIES PRIVATE LIMITED, the Transferee Company is dispensed with in view of the consents given by all the Equity Shareholders of the Applicant Company, which are annexed as Exhibits “B-1” to “B-6” to the affidavit dated 9th September, 2008 of Mrs. Leena Agrawal, Authorised Representative of the Applicant company in support of the Summons for Direction. 2 2. That the convening and holding the meeting of the Secured Creditors of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Amalgamation of SHRI SITARAM ISPAT PRIVATE LIMITED, “the Applicant / Transferor Company” with TIRUPATI PIPE & ALLIED INDUSTRIES PRIVATE LIMITED, the Transferee Company is dispensed with in view of the averment made in paragraph 15 of the affidavit dated 9th September, 2008 of Mrs. Leena Agrawal, Authorised Representative of the Applicant company in support of the Summons for Directions. The Applicant undertakes to give individual notice of the hearing of the Petition by Registered Post A.D. to all its Secured Creditors. The said undertaking is accepted. 3. That the convening and holding of the meeting of the Unsecured Creditors of the Applicant Company to consider and approve the proposed Arrangement embodied in the Scheme of Amalgamation of SHRI SITARAM ISPAT PRIVATE LIMITED, “the Applicant / Transferor Company” with TIRUPATI PIPE & ALLIED INDUSTRIES PRIVATE LIMITED, the Transferee Company is dispensed with in view of the consent given by 11 Unsecured Creditors of the Applicant Company, which are annexed as Exhibits “D-1” to “D-11” to the affidavit dated 9th day of September, 2008 in support of the Summons for Direction. The Applicant has given undertaking in paragraph 16 of the affidavit to issue individual notice of date of hearing of Petition to remaining one Unsecured Creditors whose consent has not been obtained by Registered Post A. D. and also to publish the same in Free Press Journal, in English and Maharashtra Times, in Marathi. The said undertaking is accepted. COMPANY JUDGE