1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICITON COMPANY SUMMONS FOR DIRECTION NO 37 OF 2011 In the matter of Sections 391 & 394 of the Companies Act, 1956; And In the matter of Scheme of Arrangement between Veena Diecasters & Engineers Private Limited and Sipra Services & Investments Private Limited and Their Respective Shareholders. Veena Diecasters & Engineers Private Limited, } A Company incorporated under the provisions } Of Companies act, 1956 having its Registered } office at at 2, Prabhat , 28 , ‘B’ Road, Churchgate, } Mumbai – 400020 } ....…..Applicant Company Called Summons for Direction CORAM: S. C. DHARMADHIKARI, J. Date: 21st January, 2011 Mr. Hemant Sethi i/b. Hemant Sethi & Co., Advocates for the Applicant. MINUTES OF THE ORDER UPON the application of the Applicant Company abovenamed by a Summons for Direction AND UPON HEARING Mr. Hemant Sethi instructed by Hemant Sethi & Co., Advocates for the Applicant Company, AND UPON READING the Affidavit dated 11th January, 2011 of Mr. Sitaram B Shah, Director of the Applicant Company, in support of Company Summons for Direction and the Exhibits therein referred to, IT IS ORDERED: 1. That convening and holding the meeting of the Equity Shareholders of Veena Diecasters & Engineers Private Limited, the Applicant Company, for the purpose of considering and, if thought fit, approving, with or 2 without modification(s), the proposed Scheme of Arrangement between Veena Diecasters & Engineers Private Limited, the Applicant/Demerged Company and Sipra Services & Investments Private Limited, the Resulting Company and their Respective Shareholders 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 “C6” to the Affidavit in support of Company Summons for Direction. 2. That convening and holding the meetings of the Secured and Unsecured Creditors of Veena Diecasters & Engineers Private Limited, the Applicant Company, for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement between Veena Diecasters & Engineers Private Limited, the Applicant/Demerged Company and Sipra Services & Investments Private Limited, the Resulting Company and their Respective Shareholders is dispensed with in view of averments made in paragraph eighteen of the Affidavit in support of Company Summons for Direction. The Applicant undertakes to issue individual notice of hearing of petition by RPAD to all its Secured and Unsecured Creditors and also to publish the notice of hearing of petition in one issue each of a daily newspaper viz ‘Free Press Journal’ in English and ‘Maharashtra Times’ in the Marathi. The said undertaking is accepted. (S. C. DHARMADHIKARI, J. )