IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO.826 OF 2010. In the matter of the Companies Act I of 1956 AND In the matter of Sections 391 to 394 of the Companies Act, 1956 AND In the matter of the Arrangement between Hemant Tools Private Limited And Jayvik Foresights Innovations and Solutions Private Limited. JAYVIK FORESIGHTS INNOVATIONS AND SOLUTIONS ) PRIVATE LIMITED a Company incorporated under the ) Companies Act, 1956 and having its Registered office ) at 210, Navneelem 108, Dr R.G Thadani Marg Near ) Poddar Ayurvedic Hospital, Worli ,Mumbai – 400 018. ) .........APPLICANT Called Summons for Direction CORAM : S.J.VAZIFDAR ,J DATE : 16th DECEMBER, 2010 Mr. Hemant Sethi i/b Hemant Sethi & Co, Advocates for the Applicant Company. MINUTES OF ORDER UPON the application of the Applicant abovenamed by a Company Summons for Direction AND UPON hearing Mr. Hemant Sethi i/b Hemant Sethi & Co, Advocate for the Applicant Company AND UPON reading the Affidavit dated 13th December, 2010 of Mr. Chandravadan Shah , Director the Applicant Company in support of Company Summons for Direction and the Exhibits referred to therein, 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 between Hemant Tools Private Limited, the Demerged Company and Jayvik Foresights Innovations and Solutions Private 2 Limited, the Applicant/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 “G-1 to G-4” to the Affidavit in Support of Company Summons for Direction. 2. That there are no Secured Creditors of the Applicant Company as stated in paragraph 22 of the Affidavit in Support of Company Summons for Direction. Hence, the question of convening and holding meeting of Secured Creditors does not arise. 3. That convening and holding the meeting of the Unsecured Creditors of the Applicant Company, for the purpose of considering, and if thought fit, approving, with or without modification(s) , the Scheme of Arrangement between Hemant Tools Private Limited, the Demerged Company and Jayvik Foresights Innovations and Solutions Private Limited, the Applicant/Resulting Company is dispensed with in view of the consent given by the sole Unsecured Creditor of the Applicant Company which is annexed as Exhibit “H” to the Affidavit in Support of Company Summons for Direction. (S. J. VAZIFDAR, J)