IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.972 OF 2009 In the matter of Companies Act, 1956 And In the matter of Section 391 and 394 of the Companies Act, 1956 And In the matter of Scheme of Arrangement between Anchor Offshore Services Limited and Horizon Offshore Services (India) Private Limited and their respective shareholders and creditors. Anchor Offshore Services Limited, ) a Company incorporated under the ) Companies Act, 1956 and having ) its Registered Office at Hico House, ) Ground Floor, 771, Pt Satavalekar ) Marg, (Moghul Lane) Mahim, ) Mumbai – 400 016. ) …Applicant Coram: S. J. Kathawalla, J Dated : 18th September 2009 Mr. Prashant R. Uchil for Applicant MINUTES OF ORDER Upon the application of the Applicant Company abovenamed by the Summons for Directions AND UPON HEARING Mr. Prashant R. Uchil, Advocate for the Applicant Company, AND UPON READING the affidavit dated 20th day of August 2009 of Mr. Manohar B Deaulkar, the authorized signatory of the Applicant Company in support of Summons for Directions and the Exhibits therein referred to; IT IS ORDERED :- 1 1. That the convening and holding of meeting of Equity Shareholders of Anchor Offshore Services Limited, the Applicant Company / Transferee Company to consider and if though fit, approve, with or without modifications the proposed arrangement embodied in the scheme of arrangement between Anchor Offshore Services Limited, the applicant / transferee company and Horizon Offshore Services (India) Private Limited, the transferor company and their respective shareholders and creditors is dispensed with in view of the consent given by all the Equity Shareholders of the Applicant Company which are annexed as Exhibit G1 to G7 to the Affidavit in support of the summons for Directions. 2. That the convening and holding of meeting of the Unsecured Creditors of Anchor Offshore Services Limited, the Applicant Company / Transferee Company to consider and if though fit, approve, with or without modification the proposed arrangement embodied in the scheme of arrangement between Anchor Offshore Services Limited, the applicant / transferee company and Horizon Offshore Services (India) Limited, the transferor company and their respective shareholders and creditors is dispensed with in view of the averments made in paragraph 11 in the Affidavit in support of the summon for Directions. The Applicant Company undertakes to serve individual notice of the hearing of the Petition by R.P.A.D. upon all its Unsecured Creditors. The said undertaking is accepted. 3. There are no Secured Creditors of the Applicant Company as mentioned in paragraph 10 of the Affidavit in support of the Summons for Direction. Hence, the question of convening and holding the meeting of Secured Creditors of the Applicant Company does not arise. COMPANY JUDGE 2