India Debt Management Pvt. Ltd. v. -

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO.661 OF 2016 In the matter of the Companies Act, 1956 (1 of 1956);

AND In the matter of Section 391 to 394 of the Companies Act, 1956 AND In the matter of Scheme of Arrangement BETWEEN India Debt Management Private Limited ('the Demerged Company') AND Reliance Home Finance Limited('the Resulting Company') AND Their Respective Shareholders INDIA DEBT MANAGEMENT ) PRIVATE LIMITED, a Company ) incorporated under the ) Companies Act, 1956 and having ) its registered office at Level 9, Platina, C-59, G-Block, ) BandraKurla Complex, Bandra ) East. Mumbai400051 ) ......Applicant Company Called Summons for Direction Mr. Rajesh Shah i/b. Rajesh Shah & Co., Advocates for the Applicant

Coram:B.P. COLABAWALLA, J.

Date: 5th August, 2016 MINUTES OF THE ORDER UPON the application of the Applicant Company above named by a Summons for Direction AND UPON HEARING Mr. Rajesh Shah instructed by Rajesh Shah & Co., Advocates for the Applicant Company, AND UPON READING the Affidavit dated July1, 2016 of Mr. Vishal Rathi, 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 the Equity Shareholders of the Applicant Companyfor the purpose of considering and, if thought fit, approving, with or without modification(s), the proposed Scheme of Arrangement between India Debt Management Private Limited,the Demerged Company and Reliance Home Finance Limited,the Resulting Company and their respective shareholders, is dispensed with in view of the consents given by both the Equity Shareholders of the Applicant Company, which are annexed as Exhibits 'D1' and'D2' to the Affidavit in support of Summons for Direction.

2.

There are no Secured Creditors in the Applicant Company, as mentioned in paragraph 11 of the Affidavit in support of the Summons for Direction. Hence, the question of convening and holding the meeting of Secured Creditors does not arise.

3.

There are no Unsecured Creditors in the Applicant Company, as mentioned in paragraph 12 of the Affidavit in support of the Summons for Direction. Hence, the question of convening and holding the meeting of Unsecured Creditors does not arise. (B.P. Colabawalla, J.) CERTIFICATE I certify that this Order uploaded is a true and correct copy of original signed order.

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