8) The quorum of the meeting of Class “B” Creditors is fixed at 20 Class
“B” Creditors present in person or by proxy or through Authorised
Representative.
9) That the Chairman appointed for the aforesaid two meetings to issue
advertisement and sent out notices of the aforesaid meetings referred
to above. The Chairman is free to avail the services of the Applicant
Company or any agency for carrying out the said directions. It is
further directed that the Chairman of the meetings shall have all
powers under the Articles of Association of the Applicant and the
under the Companies(Court) Rules 1959 in relation to the conduct for
the meetings including an amendment to the Scheme or Resolution if
any, proposed at the meetings by any person(s) and to ascertain the
decision of the meetings on a poll.
10) That voting by proxy/authorized representative is permitted, provided
that the proxy in the prescribed form / authorization duly signed by the
person entitled to attend and vote at the aforesaid meetings or by his
authorized representative, is filed with the Applicant at its Registered
officer at 102, B-wing, 10th Floor, Mittal Towers, Nariman Point,
Mumbai 400021, not later than 48 hours before the said respective
meetings as per Rule 70 of the Company(Court) Rules 1959.
11) That the value of the each creditor shall be in accordance with the
records or registers of the Applicant Company and where the entries
in the books are disputed the Chairman shall determine the value for
the purpose of the meetings.