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3. The arbitrator, in para. 15.08 of the award, in the best interest of the parties, directed as follows:

15.08 : To ensure smooth implementation of the scheme of arrangement envisaged under this award, I direct that at the general meetings of the shareholders/creditors of Banaras Beads Ltd. convened for the purpose of consideration and approval of the scheme of arrangement, neither Sri Ashok Kumar Gupta nor Sri Raj Kumar Gupta nor any other members of the two groups (including their associate companies) shall attend such meeting(s) personally. Smt. Resham Devi Gupta, and in her absence Smt. Vinod Kumari Gupta, as hereinafter provided, shall attend the said meeting(s) as their attorneys to support the scheme of arrangement. I further direct that by virtue of this award and without any further deed, the said ladies, in alternative, shall be deemed to have been duly appointed as their attorneys by the respective members of the AKG group and the RKG group and their associate companies, for the limited purpose of attending the said meetings and to vote for them. However, if necessary under law, Sri Ashok Kumar Gupta and Sri Raj Kumar Gupta shall ensure that proper proxy forms are also duly signed/executed by each of the concerned members of their respective groups and the associate companies, appointing Smt. Resham Devi Gupta, and in her absence Smt. Vinod Kumari Gupta, as their proxies to attend and vote at such meetings of the shareholders/creditors, and further ensure that the said proxy forms are deposited with the company within the stipulated time.