1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMON FOR DIRECTION NO. 210 OF 2011 In the matter of the Companies Act, 1956; AND In the matter of Section 391 and 394 of the said Act AND In the matter of Pundrikaksh Trading Private Limited AND In the matter of Scheme of Amalgamation of Akshray Trading Private Limited AND Sakshine Trading Private Limited AND Pundrikaksh Trading Private Limited WITH Chartered Finance & Leasing Limited Pundrikaksh Trading Private Limited (hereinafter referred to as (Applicant / Third Transferor Company) is a Company incorporated under the Companies Act, 1956 (hereinafter referred to as “the Act” for brevity) having its registered office at 151A, Mittal Court, A Wing, Nariman Point, Mumbai - 400 021 represented by its Director Mr. Santosh R. Pandey. …. APPLICANT 2 Called for Summons for Direction CORAM: S.J. Vazifdar, J. DATE: 1st April, 2011. Mr. Jitendra Singh, Advocate for Applicant MINUTES OF ORDER UPON the Applicant of the Applicant abovenamed by Summons for Direction AND UPON HEARING Mr. Jitendra Singh, Advocate for Applicant, AND UPON reading the Affidavit dated 18th February, 2011 of Mr. Santosh Pandey, Director of the Applicant Company in support of Summons for Direction and the Exhibits therein referred to, IT IS ORDERED :- 1. That convening and holding the meeting of the Equity Shareholders of the Applicant Company to consider and approve the proposed Scheme of Amalgamation of AKSHRAY TRADING PRIVATE LIMITED (“the First Transferor Company”), SAKSHINE TRADING PRIVATE LIMITED (“the Second Transferor Company”), PUNDRIKAKSH TRADING PRIVATE LIMITED (“the Third Transferor Company”)with CHARTERED FINANCE & LEASING LIMITED (“the Transferee Company”) is dispensed with in view of the consents given by all Equity Shareholders of the Applicant Company, which are annexed as Exhibits E-1 to E-5 to the Affidavit in support of the Summons for Direction. 2. There are no Secured Creditors of the Applicant Company as stated in paragraph 11(i) of the Affidavit in support of Summons for Direction. Hence, 3 the question of convening and holding the meeting of Secured Creditors does not arise. 3. That the convening and holding the meeting of the Unsecured Creditors of the Applicant Company to consider and approve the proposed scheme of Amalgamation of AKSHRAY TRADING PRIVATE LIMITED (“the First Transferor Company”), SAKSHINE TRADING PRIVATE LIMITED (“the Second Transferor Company”), PUNDRIKAKSH TRADING PRIVATE LIMITED (“the Third Transferor Company”)with CHARTERED FINANCE & LEASING LIMITED (“the Transferee Company”) is dispensed with in view of the consents given by all the Unsecured Creditors of the Applicant Company which are annexed as Exhibits D-1 to D-3 to the Affidavit in support of Summons for Direction. (S.J. Vazifdar, J.)