IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTIONS NO. 148 OF 2010 IN THE MATTER of the Companies Act, 1956; AND IN THE MATTER of Sections 391 to 394 read with Sections 78 and 100 to 103 of the Companies Act, 1956; AND IN THE MATTER of Genx Entertainment Limited AND IN THE MATTER of Scheme of Arrangement between Genx Entertainment Limited and its Shareholders and Creditors. GenX Entertainment Limited …Applicant Company Called Summons for Direction Coram: S. J. Kathawalla, J. Dated: 26th February, 2010. 2 Ms. Renuka Shetty i/b M/s. Crawford Bayley & 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 Ms. Renuka Shetty i/b M/s Crawford Bayley & Co., Advocates for Applicant AND UPON reading the Affidavit dated 17th January, 2010 of Mrs. Angna Arora, the Authorized Person of the Applicant Company in support of Summons for Directions, IT IS ORDERED THAT:- 1. The convening and holding the meeting of the Equity Shareholders of the Applicant Company, for the purpose of considering, and if thought fit, approving, with or without modification(s), the Scheme of Arrangement between Genx Entertainment Limited and its Shareholders and Creditors is dispensed with, in view of the consent letters given by all the Equity Shareholders of the Applicant company which are annexed as Exhibit J-1 to J-7 to the Affidavit in support of the Summons for Directions. 3 2. The convening and holding the meeting of the Preference Shareholders of the Applicant Company, for the purpose of considering, and if thought fit, approving, with or without modification(s), the Scheme of Arrangement between Genx Entertainment Limited and its Shareholders and Creditors is dispensed with, in view of the consent letters given by the Preference Shareholder of the Applicant company which is annexed as Exhibit K to the Affidavit in support of the Summons for Directions. 3. There are no Secured Creditors of the Applicant Company, as mentioned in paragraph 24 of the Affidavit in support of the Summons for Directions. Hence, the question of convening and holding of the meeting of the Secured Creditors does not arise. 4. The convening and holding of the meeting of the Unsecured Creditors of the Applicant Company, for the purpose of considering, and if thought fit, approving, with or without modification(s), the Scheme of Arrangement between Genx Entertainment Limited and its Shareholders 4 and Creditors is dispensed with, in view of averments made in paragraph 25 of the Affidavit in support of the Summons for Directions. The Applicant Company undertakes to issue individual notices of the date of hearing of Petition by R.P.A.D. to all its Unsecured Creditors. The undertaking is accepted. 5. In view of the averments made in paragraphs 18 and 33 of the Affidavit in Support of the Summons for Directions, the procedure prescribed under section 101(2) of the Companies Act, 1956 is dispensed with. (S. J. Kathawalla, J.)