ORISSA INDUSTRIAL INFRA.DEV. CORPORATION vs M/S MESCO KALINGA STEEL LTD. .

The Supreme Court upheld the High Court's order directing the Orissa Industrial Infrastructure Development Corporation (IDCO) to lease 825.68 acres of land to M/s. Mesco Kalinga Steel Ltd. The Court found that IDCO's actions in resuming the land were unjustified as Mesco had complied with the initial requirements for the lease agreement under the relevant government policies. The Court emphasized the importance of adhering to the terms of the lease agreement process and ruled in favor of Mesco, thereby reversing IDCO's decision to forfeit the land.