Vodafone Infrastructure Limited

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¶6Mr. Rajiv Nayar, learned senior counsel for the Applicant Companies submits that no proceedings under Sections 235 to 25I of the Act are pending against any of the Applicant Companies as on the date of the present Applications.

¶7The proposed scheme has been approved by the Board of Directors of all the Applicant Companies. Copies of the Board Resolutions have been filed with the Applications.

¶8The status of the shareholders, secured and unsecured creditors of the Transferor Companies and the Transferee Company and the consents obtained from them for the proposed scheme is clearly apparent from the charts given below:-

(a) First Transferor ComPanv No. of Share holders Consent given No. of Secured Creditors Consent glven No. of Unsecured Creditors Consent given First Transferor Atl Nil N.A. All t g. A prayer has been made for dispensation of the convening meetings of shareholders, secured creditors creditors of the First Transferor Company. Co. Appl.(A,I) Nos.140, 141, 142 & 143 of 201I requirement of and unsecured In view of the written consents/ITTOC 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 Companv 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.

¶12In view of the written consentsA{OC given, the requirement of - convening meeting of shareholders and unsecured creditors of the Second I/)' 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.

¶10-i! Co. Appl.(L4) Nos.l40, 141, 142 & 143 of 2011 Third Transferor Company No. of Share holders Consents given No. of Secured Creditors Consents given No. of Unsecured Creditors Consents given Third Transferor 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 consents/Noc 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 on 24.12.2011 at 11.00 AM at A-2615, -r, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi - 110 044.

¶16Ms. Ranjana Roy Gawai, Advocate, Cell No. 9811415871 is appointed as the Chairperson and Mr. Krishan Kumar Sharma, Assistant Registrar, CelI No. 9717991825 is appointed as the Alternate Chairperson

(c) O -g Co. Appl.(ltL) Nos.140, 141, 142 & 143 of 2011 Page 6 of I0 J for the meeting of the Unsecured Creditors of the Third T \ ransferor 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) t.untf.tee CompanY No. of Share holders Consents given No. of Secured Creditors Consents given No. of Unsecured Creditors Consents given Transferee All t6 All 8s6 (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 12.4 of the Common Loan Agreement dated 29ft June, 20tti executed between the Transferee Company , t Co. Appl.(A4) Nos.l40, l4I, 142 & 143 of 2011 Page 7 of I0 \O 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,thatmeans, 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 1lAM at the registered office of the .J Kunj, Phase-II, New Delhi - 110 070. Zl. Mr. Syed Shahid Hussain Rizvi, Advocate, Cell No. 9810019968 is appointed as the Chairperson and Mr. Karan Bharihoke, Advocate, Cell No. 9811464567 is appointed as the Alternate Chairperson for the meeting of the { Unsecured Creditors of the Transferee Company. They would be paid fees of Rs. 40,000/- each. Mr. Nandan Singh, Court' Official, Cell No. ) 9560556184 and IW. Devender, Court Official Cell No. 7838565540 shall I provide secretarial assistance to the Chairperson and the Alternate Chairperson and shall be paid a fee of Rs. 10,000/- each for this pulpose. the Transferee Company are meetings of their Unsecured

¶22The Third Transferor Company and directed to publish advance notices of the Co. Appl.(AI) Nos.l40, l4l, 142 & 143 of 2011 Page 8 of I0 - \ \\ Creditors in the Indian Express (English, Delhi 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 hislher supervision or his authorized representative.

¶24The Quorum for the meeting of the Unsecured Creditors of the Third Transferor Company is fixed as follows: IJnsecured Creditors Third Transferor Company Number % tti%

¶25The Quorum for the meeting of the Unsecured Creditors of the t a a Transferee Company is fixed as follows:- Unsecured Creditors Transferee Company Number % 10% Co. AppL(AI) Noll40, 141, 142 & 143 of 20Il Page 9 of lti ]{t J

¶26It is also directed that meetings, then the meetings thereafter, the Persons Present Quorum. Order Dasti. NOVEMBER 09, 20tl ndis Co. Appt.(Arl Nos.140, 141, 142 & 143 of 2011 v if the Quorum is not present in the above would be adjourned for 30 minutes and in the meetings would be treated as proper

¶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 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.

¶28The chairpersons and the Alternate chairpersons shall file their reports within two weeks of the conclusion of the meetings.

¶29The Applicant Companies are granted liberfy to file a joint petition after the conclusion of the meetings convened by the Third Transferor Company and the Transferee Company

30.TheApplicationsstandallowedintheaforesaidterms. I MANMJ ofirilw