JUDGEMENT
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(1.) Leave granted.
(2.) Common questions arise for consideration in both these appeals and
hence we are disposing of both the appeals by a common judgment.
(3.) We are, in these appeals, called upon to consider the question
whether the Division Bench of the Orissa High Court was justified in
directing Orissa State Financial Corporation (OSFC) and Industrial
Promotion and Investment Corporation of Odisha Ltd. (IPICOL) to offer
afresh the benefit of One-Time Settlement Scheme (OTS) to M/s Hotel
Torrento Limited, 1st respondent herein, which had earlier been offered
vide communications' dated 18.3.2006 and 3.4.2006, but was not availed off
by complying with the terms and conditions stipulated therein. The further
question is whether the High Court was right in ordering dispossession of
the appellant (auction purchaser) and put 1st respondent back in
possession.;
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