1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICITON COMPANY APPLICATION NO.341 OF 2009 In the matter of Companies Act, 1956 (1 of 1956) AND In the matter of Section 391 & 394 of the Companies Act, 1956; AND In the matter of Scheme of Amalgamation of Stripes Apparels Limited with Kamadgiri Synthetics Limited and their respective shareholders Stripes Apparels Limited, a Company incorporated ) Under the provisions of Companies Act, 1956 having ) its registered office at Knowledge House, Shyam ) Nagar, Off Jogeshwari – Vikhroli Link Road, Jogeshwari ) (East), Mumbai – 400 060 ) …….Applicant Company Called Summons for Direction CORAM: S. J. VAZIFDAR. J DATE: 20th March, 2009 Mr. Hemant Sethi i/b Hemant Sethi & Co. Advocates for Applicant MINUTES OF ORDER UPON the application of the Applicant Company abovenamed by a Summons for Directions AND UPON HEARING Mr. Hemant Sethi i/b. Hemant Sethi & Co., advocates for the Applicant Company, AND UPON READING the Affidavit dated March 17, 2009 of Mr. Jitendra Gandhi, 2 Authorized Signatory of the Applicant Company, in support of Summons for Directions, IT IS ORDERED: 1. That convening and holding of the meeting of the Equity Shareholders of Stripes Apparels Limited, the Applicant Company, for the purpose of considering and, if thought fit, approving, with or without modification(s), the arrangement embodied in the proposed Scheme of Amalgamation of Stripes Apparels Limited, the Applicant/Transferor Company with Kamadgiri Synthetics Limited, the Transferee Company and their respective shareholders (“Scheme”) is dispensed with in view of the consents given by all the Equity Shareholders of the Applicant Company, which are annexed as Exhibits C1 to C13 to the affidavit in support of the Summons for Directions. 2. That the convening and holding of the meetings of the Secured and Unsecured Creditors of the Applicant Company for the purpose of considering, and if thought fit, approving, with or without modification(s) the Scheme of Amalgamation of Stripes Apparels Limited, the Applicant/Transferor Company with Kamadgiri Synthetics Limited, the Transferee Company and their respective shareholders is dispensed with in view of averments made in paragraph twenty eight of the affidavit in support of the Summons for Directions. The Applicant Company undertakes to serve individual notice of the hearing of the petition by R.P.A.D. to all Secured and Unsecured Creditors and also to publish the same in two local newspapers i.e. Free Press Journal, in English and Maharashtra Times, in Marathi both circulated in Mumbai. The undertaking is accepted. Sd/- (S. J. VAZIFDAR J)