Aet Technologies Pvt. Ltd. v. -

IN THE HON'BLE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 893 OF 2016 In the matter of Section 391 to 394 of the Companies Act, 1956 And In the matter of scheme of Arrangement Amongst Arco Electro Technologies Pvt. Ltd ("Demerged Company") and ARMEN COMTRADE PRIVATE LIMITED (Resulting Company No.

1) AND AET TECHNOLOGIES PRIVATE LIMITED ("Resulting Company No. 2) and their respective shareholders

AET TECHNOLOGIES PRIVATE LIMITED ) a Company Incorporated under the provisions of ) Companies Act, 1956 having its registered office at ) . Plot No. 123, Street No. 17, M. I. D. C, Marol, ) Andheri (E), Mumbai- 400 093.

)Applicant Company Called Summons for Directions Mr. Dipesh U. Siroya., Advocates for the Applicant Company CORAM: A.K. Menon, J Date: 27th October 2016 MINUTES OF THE ORDER UPON the Application of the Applicant Company above named by a Company Summons for Direction AND UPON HEARING Mr. Dipesh U. Siroya, Advocates for the Applicant Company, AND UPON READING the Affidavit dated 1st day of February, 2016 of Mr. Rajendra M. Ruia, Director of the Applicant Company, in support of Company Summons for Direction, and the Exhibits there in referred to, 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 proposed Scheme of Arrangement between Arco Electro Technologies Pvt. Ltd And Armen Comtrade Pvt. Ltd (Resulting Company No. 1) And AET Technologies Pvt. Ltd. ("Resulting Company No. 2) and their respective Shareholders and Creditors is dispensed with, in view of consents given by both the Equity Shareholders of the Applicant Company, which are annexed as Exhibits "I2" and "I5" to the Affidavit in support of the Main Parent Company's Summons for Direction.

2.

There are no Secured and Unsecured Creditors in the Applicant Company as stated in paragraph 21a of the Affidavit in support of Company Summons for Direction. Hence, the question of convening and holding the meetings of Secured and Unsecured Creditors does not arise. (A. K. Menon, J.) CERTIFICATE I certify that the order uploaded is a true and correct copy of the original signed order Uploaded by S. Gawde Stenographer