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16. The quorum of Un-Secured Creditors of the Transferee Company is fixed as follows:

      Company                     No.                     %

      Transferee Company          150                     15%

17. It is also directed that if the quorum is not present in the meetings, the meetings would be adjourned for thirty minutes and the persons present in the meetings would be treated as proper quorum.

18. 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 authorized representative, is filed with the company at its registered office, not later than forty-eight hours before the said meeting.