IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 549 OF 2011. 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 Arrangement between INTELLIVATE CAPITAL VENTURES LIMITED AND INTELLIVATE CAPITAL ADVISORS LIMITED AND ICVL CHEMICALS LIMITED AND ICVL STEELS LIMITED ICVL CHEMICALS LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at 66/1, Hansa Villa, Opp. Indian Gymkhana, Bhaudaji Cross Road, Matunga (CR), Mumbai - 400 019. ) ) ) ) ) …Applicant Company. Called for Summons for Direction Coram: S. C. Dharmadhikari, J. Date: 16th September, 2011 Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., Advocate for the Applicant MINUTES OF THE ORDER UPON the application of the Applicant Company abovenamed by a Summons for Direction AND UPON HEARING Mr. Rajesh Shah instructed by M/s. Rajesh Shah & Co., Advocate for the Applicant Company, AND UPON READING the Affidavit dated 30th August, 2011 of Mr. Vipul Modi, Dierector of the Applicant Company, in support of the Summons for Direction and the Exhibits therein referred to, IT IS ORDERED:- 1 1. That the convening and holding of the meeting of the Equity Shareholders of the Applicant Company to consider and approve the proposed Scheme of Arrangement of between Intellivate Capital Ventures Limited, The Demerged Company and Intellivate Capital Advisors Limited, The First Resulting Company and ICVL Chemicals Limited, The ‘Second Resulting Company and ICVL Steels Limited, The Third Resulting Company, is dispensed with in view of the consents 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 the Summons for Direction. 2. That there are no Secured Creditors and Unsecured Creditors of the Applicant Company as stated in paragraph 27 the Affidavit in support of Summons for Direction. Hence, the question of convening and holding the meetings of Secured Creditors and Unsecured Creditor does not arise. (S. C. Dharmadhikari, J.) 2