Femtex Mercantile (India) Pvt Ltd v. --

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO.972 OF 2016

IN THE MATTER of Sections 391 to

394 of the Company Act, 1956;

AND

IN THE MATTER of Femtex Mercantile

(India) Private Limited AND

IN THE MATTER of the Composite

Scheme of Arrangement between Chowrangee Marketing Private Limited (The "First Transferor Company") And Femtex Mercantile (India) Private Limited, (The "Second Transferor Company") And Prachaar 4 Communications Limited, (The "Third Transferor Company") And Prachar Communications Private Limited, (The "Transferee Company / Demerged Company") And Choosy Impex Private Limited.

(The "Resulting Company") And

Their Respective Shareholders Femtex Mercantile (India) Private Limited ) A company incorporated under the provisions of ) the Company Act, 1956 and having its registered ) office at 111/111A,Old Hanumane Lane ) 2nd floor, Room no 15, Swastik Co-operative ) Society, Kalbadevi, Mumbai - 400002 )... Applicant Called Company Summons for Direction for hearing Mr.Yogesh Adhia, Advocate for Applicant.

Coram: S. C. Gupte, J.

Date : 2nd December, 2016 MINUTES OF THE ORDER UPON the application of the Applicant above named by Company Summons for Direction AND UPON hearing Mr. Yogesh Adhia, Advocate for the Applicant Company AND UPON reading the Affidavit dated 18th October, 2016 of Mr. Deepak Doshi, Authorised Signatory of the Applicant Company, in support of Company 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 Company, for the purpose of considering and, if thought fit, approving, with or without modification(s), the Composite Scheme of Arrangement between Chowrangee Marketing Private Limited (the First Transferor Company), Femtex Mercantile (India) Private Limited (the Second Transferor Company), Prachaar 4 Communications Limited (the Third Transferor Company), Prachar Communications Private Limited (the Transferee Company /

Demerged Company), Choosy Impex Private Limited (the Resulting) 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 Exhibits "D-1"to "D-4" to the Affidavit in Support of the Company Summons for Direction.

2. The question of convening and holding of the meeting of the Secured Creditors of the Applicant Company does not arise as there are no Secured Creditors of the Applicant Company as on 30th September 2016, as mentioned in paragraph 17 of the Affidavit in Support of Company Summons for Direction.

3.

Applicant Company undertakes to issue individual notice of the date of hearing of the Company Scheme Petition by Registered Post A.D. to all its Unsecured Creditors and also publish the notice of the date of hearing of the Company Scheme Petition in two local newspapers namely "Free Press Journal" in English language and translation thereof in "Navshakti" in Marathi language both having circulation in Mumbai. The said undertaking is accepted.

(S.C. Gupte, J.) C E R T I F I C A T E I certify that this Order uploaded is a true and correct copy of original signed order.

Uploaded by : Shankar Gawde, Stenographer