BHUSHAN POWER & STEEL LTD. vs RAJESH VERMA .

The Supreme Court ruled that the decision of the High Court of Orissa and the State Government's order dated 9.2.2006 rejecting Bhushan Power and Steel Ltd.'s application for a mining lease was set aside. The Court emphasized the need for fair consideration of the appellant's claim under the relevant mining regulations. The judgment established that the State's decision was premature and not in accordance with the statutory provisions, thereby allowing the appeal and directing the State to reconsider the mining lease application in light of the available iron ore reserves.