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That the quorum for the meeting of the secured creditors shall be 2 (two) authorised representatives present in person or by proxy. And quorum for the meeting of unsecured creditors shall be 5 (five) authorised representatives present in person or by proxy.

That voting by proxy is permitted provided that the proxy in the prescribed form and duly signed by the person entitled to attend and vote at the aforesaid meetings, or by his authorised representative, is filed with the applicant company at its registered office at Ahmedabad, not later than 48 hours before the said meetings.