IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 341 OF 2011 In the matter of Companies Act, 1956; And In the matter of Sections 391 to 394 of the Companies Act, 1956; And In the matter of Scheme of Amalgamation of (a) ACE SHIPPING & OFFSHORE COMPANY PRIVATE LIMITED; And (b) HUGALI FINVEST SOLUTIONS PRIVATE LIMITED; With SHAHI GASOL LIMITED; And Their respective Shareholders and Creditors. SHAHI GASOL LIMITED, a Company ] Incorporated under The Companies Act ] 1956, having its Registered Office at ] 404, Abhay Steel House, Baroda Street, ] Mumbai – 400 009. ]…Applicant Company Called Summons for Direction CORAM : S. J. Kathawalla, J. DATE : 10th June, 2011. Mr. Ananth Iyengar, Advocate for Applicant. 4 MINUTES OF ORDER UPON the Application of the Applicant abovenamed by a Summons for Direction AND UPON HEARING Ananth Iyengar, Advocate for Applicant AND UPON READING the Affidavit dated 26th April, 2011 of Mr. Samiresh Kumar, Director of the Applicant Company in support of Summons for Direction and the Exhibits therein referred to, IT IS ORDERED THAT: [1] The convening and holding the meeting of Equity Shareholders of the Applicant Company, for the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Amalgamation of ACE SHIPPING AND OFFSHORE COMPANY PRIVATE LIMITED and HUGALI FINVEST SOLUTIONS PRIVATE LIMITED with SHAHI GASOL LIMITED is dispensed in view of the consents given by all the Equity Shareholders of the Applicant Company which are annexed as Exhibits “I-1” to “I- 8” to the Affidavit in Support of Summons for Direction. [2] There are no Secured Creditors of the Applicant Company as stated in paragraph 22 of the Affidavit in Support of 4 Summons for Direction, hence the question of convening and holding the meeting of Secured Creditors does not arise. [3] The convening and holding the meeting of Unsecured Creditors of the Applicant Company, for the purpose of considering and, if though fit, approving, with or without modification(s) the proposed Scheme of Amalgamation of ACE SHIPPING AND OFFSHORE COMPANY PRIVATE LIMITED and HUGALI FINVEST SOLUTIONS PRIVATE LIMITED with SHAHI GASOL LIMITED is dispensed in view of the consents given by all the Unsecured Creditors which are annexed as Exhibits “J-1” to “J-5” to the Affidavit in Support of Summons for Direction. [4] The convening and holding the meeting of the Sundry Creditors of the Applicant Company, for the purpose of considering and, if though fit, approving, with or without modification(s) the proposed Scheme of Amalgamation of ACE SHIPPING AND OFFSHORE COMPANY PRIVATE LIMITED and HUGALI FINVEST SOLUTIONS PRIVATE LIMITED with SHAHI GASOL LIMITED is dispensed in view of the averment made in paragraph 22 of the Affidavit in 4 support of Summons for Direction. The Applicant Company undertakes to give individual notice of hearing of Petition by R.P.A.D. to all its Sundry Creditors. The Undertaking is accepted. (S. J. Kathawalla, J.) IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 341 OF 2011 In the matter of Companies Act, 1956; And In the matter of Sections 391 to 394 of the Companies Act, 1956; And In the matter of Scheme of Amalgamation of (a) ACE SHIPPING & OFFSHORE COMPANY PRIVATE LIMITED; And (b) HUGALI FINVEST SOLUTIONS PRIVATE LIMITED; With SHAHI GASOL LIMITED; And Their respective Shareholders and Creditors. SHAHI GASOL LIMITED Applicant Company MINUTES OF ORDER Dated this 10th day of June 2011. ANANTH IYENGAR, Advocate for the Applicant Company.