1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 511 OF 2010 IN THE MATTER of the Companies Act, 1956; AND IN THE MATTER of Sections 391 to 394 of the Companies Act, 1956; AND IN THE MATTER of Broadllyne Technologies Limited; AND IN THE MATTER of Scheme of Arrangement and Amalgamation of Broadllyne Technologies Limited with Glodyne Technoserve Limited and their respective Shareholders and Creditors. Broadllyne Technologies Limited, ) A Company Incorporated under ) the provisions of the Companies Act, 1956 ) and having its registered office at ) Building No. 1, Thakur Vidya Mandir, ) Thakur Complex, Kandivili (East), ) Mumbai - 400101, )… Applicant / Transferor Company 2 Called Summons for Direction Coram: S.J. VAZIFDAR, J. Dated: 30th July, 2010 Ms. Renuka Shetty i/b M/s. Crawford Bayley & Co., Advocates for Applicant MINUTES OF THE ORDER Upon the Application of the Applicant abovenamed by a Summons for Direction, AND UPON hearing Ms. Renuka Shetty i/b M/s Crawford Bayley & Co., Advocates for Applicant AND UPON reading the Affidavit dated 20th July, 2010 of Mr. Anil Thakur, the Authorised Representative of the Applicant in support of Summons for Direction, IT IS ORDERED :- 1. That convening and holding the meeting of the Equity Shareholders of the Applicant Company, for the purpose of considering and if thought fit, approving with or without modification(s), the Scheme of Arrangement and Amalgamation of Broadllyne Technologies Limited with 3 Glodyne Technoserve Limited and their respective Shareholders and Creditors is dispensed with, in view of the Consent Letters given by all the Equity Shareholders of the Applicant Company which are annexed as Exhibits “C-1” to “C-7” to the Affidavit in support of Summons for Direction. 2. That convening and holding the meeting of the Secured Creditors of the Applicant Company, for the purpose of considering and if thought fit, approving with or without modification(s), the Scheme of Arrangement and Amalgamation of Broadllyne Technologies Limited with Glodyne Technoserve Limited and their respective Shareholders and Creditors is dispensed with, in view of the Consent Letter given by the sole Secured Creditor of the Applicant Company which is annexed as Exhibit “D” to the Affidavit in support of Summons for Direction. 3. That convening, holding and conducting the meeting of the Unsecured Creditors of the Applicant Company is dispensed with in view of the undertaking given by the Applicant Company to procure consent letters from all its 4 Unsecured Creditors and produce them in this Hon’ble Court on or before filing the Company Scheme Petition for obtaining sanction to the Scheme as stated in paragraph 23 of the Affidavit in support of the Summons for Directions. The undertaking is accepted. (S. J. VAZIFDAR, J.)