IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION NO.971 OF 2009 In the matter of Companies Act, 1956 And In the matter of Section 391 and 394 of the Companies Act, 1956 And In the matter of Scheme of Arrangement between Horizon Offshore Services (India) Private Limited and Anchor Offshore Services Limited and their respective shareholders and creditors. Horizon Offshore Services (India) ) Private Limited, a Company ) incorporated under the Companies ) Act, 1956 and having its Registered) Office at Hico House, Ground Floor, ) 771, Pt Satavalekar Marg, (Moghul ) Lane) Mahim, Mumbai – 400 016. ) …Applicant Coram : S. J. Kathawalla, J Dated : 18th September 2009 Mr. Prashant R. Uchil for Applicant MINUTES OF ORDER Upon the Application of the Applicant Company abovenamed by the Summons for Directions AND UPON HEARING Mr. Prashant R. Uchil, Advocate for the Applicant Company, AND UPON READING the affidavit dated 20th day of August 2009 of Mr. N. K. Ramakrishnan, the authorized signatory of the Applicant Company in support of Summons for Directions and the Exhibits therein referred to; IT IS ORDERED :- 1 1. That the convening and holding of meeting of Equity Shareholders of Horizon Offshore Services (India) Private Limited, the Applicant Company / Transferor Company to consider and if though fit, approve, with or without modifications the proposed arrangement embodied in the scheme of arrangement between Horizon Offshore Services (India) Private Limited, the applicant / transferor company and Anchor Offshore Services Limited, the resultant / transferee company and their respective shareholders is dispensed with in view of the consent given by all the Equity Shareholders of the Applicant Company which are annexed as Exhibit G1 to G5 to the Affidavit in support of the summons for Directions. 2. That the convening and holding of meetings of the Secured and Unsecured Creditors of Horizon Offshore Services (India) Private Limited, the Applicant Company / Transferor Company to consider and if though fit, approve, with or without modification the proposed arrangement embodied in the scheme of arrangement between Horizon Offshore Services (India) Private Limited, the applicant / transferor company and Anchor Offshore Services Limited, the resultant / transferee company and their respective shareholders and creditors is dispensed with in view of the averments made in paragraphs 10 and 11 of the Affidavit in support of the summon for Directions. The Applicant Company undertakes to serve individual notice of the hearing of the Petition by R.P.A.D. upon all its Secured and Unsecured Creditors. The said undertaking is accepted. COMPANY JUDGE 2