Bharti Infratel Ventures Limited

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¶10In view of the written consentsA.[OC given, the requirement of convening meeting of shareholders and unsecured creditors of the First Transferor Company are dispensed with. Since the First Transferor Company has no secured creditors, the question of convening a meeting of secured creditors of the First Transferor Company does not arise'

(b) Second Transferor ComPanY Company No. of Share holders Consents given No. of Secured Creditors Consents given No. of Unsecured Creditors Consents given Second Transferor Company All Nil N.A. All

¶11A prayer has been made for dispensation of the requirement of convening meetings of shareholders, secured creditors and unsecured creditors of the Second Transferor Company. IZ. In view oi th" written consentsA{OC given, the requirement of {.on r.rring meeting of shareholders and unsecured creditors of the Second Transferor Company are dispensed with. Since the Second Transferor Company has no secured creditors, the question of convening a meeting of secured creditors of the Second Transferor Company does not arise. Co. Appl.(AI) Nos.140, l4l, 142 & 143 of 2011 x Third Transferor ComPanY Company No. of Share holders Consents given No. of Secured Creditors Consents given No. of Unsecured Creditors Consents given Third Transferor Company All Nil Not Applicable 10 (in value

74.8s%)

¶13A prayer has been made for dispensation of the requirement of convening meetings of shareholders and unsecured creditors of the Third Transferor CompanY.

¶14In view of the written consentsA{OC given, the requirement of convening meeting of shareholders of the Third Transferor company is dispensed with. Since the Third Transferor Company has no secured creditors, the question of convening a meeting of secured creditors of the Third Transferor Company does not arise'

¶15I direct that the meeting of the Unsecured Creditors of the Third Transferor company shall be held on24.r2.zorl at 11.00 AM at A-2615, -.f. Mohan Co-operative Industrial Estate, Mathura Road, New Delhi - 110 044'

(c) t

¶16Ms. Ranjana RoY Gawai, appointed as the ChairPerson and Registrar, Cell No. 9717991825 is Co. Appl.(ItI) Nos.l40, 141, 142 & 143 of 2011 Advocate, Cell No. 9811415871 is \ilr. Krishan Kumar Sharma, Assistant appointed as the Alternate Chairperson \ for the meeting of the Unsecured Creditors of the Third Transferor Company. They would be paid fees of Rs.40,000/- each. Mr. Krishan Pandey, Court Official, Cell No. 9711224242 and Mr. Govind Singh, Court Official, Cell No. 9911032247 shall provide secretarial assistance to the Chairperson and the Alternate Chairperson and shall be paid a fee of Rs.10,0001-each for this Purpose.

(d) Transferee ComPanY Company No. of Share holders Consents given No. of Secured Creditors Consents given No. of Unsecured Creditors Consents given Transferee Company All t6 All (in value

98.11%)

¶17A prayer has been made for dispensation of the requirement of convening meetings of shareholders, secured creditors and unsecured creditors of the Transferee Company.

¶18In view of the written consentsA{OC given, the requirement of convening meeting of shareholders of the Transferee Company is dispensed with. D. My attention has been drawn to clause I2.4 of the Common Loan Agreement dated 29ft June, 2010 executed between the Transferee Company Co. Appl.(ltl) Nos.140, 141, 142 & 143 of 201I o l" and its secured creditors wherein the secured creditors have explicitly consented to the acquisition of assets by the Transferee Company from the IRU Grantor Parties, that means, the three Transferor Companies pursuant to the Transfer Process. In view of the same, the requirement of convening meeting of secured creditors of the Transferee Company is dispensed with.

¶20I direct that the meeting of the Unsecured Creditors of the Transferee Company shall be held on24.I2.2011 at l 1ANI at the registered offtce of the Transferee Company being Bharti Crescent, 1 Nelson Mandela Road, Vasant Kunj, Phase-II, New Delhi - 110 070. 2I. Mr. Syed Shahid Hussain Rizvi, Advocate, Cell No. 9810019968 is appointed as the Chairperson and Mr. Karan Bharihoke, Advocate, Cell No. 9811464567 isappointed as the Alternate Chairperson for the meeting of the lJnsecured Creditors of the Transferee Company. They would be paid fees of Rs. 40,000/- each. VIr. Nandan Singh, Court Official, Cell No' .e-956055 6184 and \4r. Devender, Court Offrcial Cell No. 7838565540 shall provide secretarial assistance to the Chairperson and the Alternate Chairperson and shall be paid a fee of Rs. 10,000/- each for this purpose. the Transferee ComPanY are meetings of their Unsecured

¶22The Third Transferor Company and directed to publish advance notices of the Co. Appl.(M) Nos.I40, 141, 142 & 143 of 2011 r} t\t\ Creditors in the Indian Express (English, Dethi edition) and Jansatta (Hindi, Delhi Edition). The advertisements shall be published a minimum twenty-one days in advance before the scheduled date of the meetings-

¶23Individual notices of the proposed meetings of the Unsecured Creditors of the Third Transferor Company and the Transferee Company would be sent by ordinary post minimum twenty-one days in advance before the scheduled date of meeting. The Chairpersons will ensure that the dispatch is made under his/her supervision or his authorized representative.

¶24The euorum for the meeting of the lJnsecured Creditors of the Third Transferor Company is fixed as follows: Company Unsecured Creditors Third Transferor ComPanY Number % rti%

¶25The euorum for the meeting of the Unsecured Creditors of the '4 Transferee Company is fixed as follows:- Company Unsecured Creditors Transferee ComPanY Number % tti% \ Co. Appl.(Ir,I) Noll40, 141, 142 & 143 of 2011 \\./

¶26It is also directed that if the Quorum is not present in the above meetings, then the meetings would be adjourned for 30 minutes and thereafter, the persons present in the meetings would be treated as proper Quorum.

¶27Voting by proxy is permitted provided that the proxy in the prescribed form and duly signed by the person entitled to attend and vote in the {1 aforesaid meeting or by his authorized representative, is filed with the respective Companies at their registered office, not later than 48 hours , before the said meeting. ZB. Tn. Chairpersons and the Alternate Chairpersons shall file their reports within two weeks of the conclusion of the meetings. Zg. The Applicant Companies are granted liberfy to file a joint petition .1 after the conclusion of the meetings convened by the Third Transferor Company and the Transferee Company' (t The Applications stand allowed in the aforesaid terms.

¶30Order Dasti. NOVEMBER 09, 20tl ngis Co. Appl.(A4) Nos.140, l4l, 142 & 143 of 20ll il--l. ivIAiTNI€ffi Page I0 of I0