1. The Petitioners, in this Writ Petition, seek a direction from this Court to
the Opposite Parties to update the details in respect of the demised
Property so as to reflect the takeover of the demised Property by the
Petitioner No.1 Company. The Petitioners further seek direction to the
Location: ORISSA HIGH COURT, CUTTACK
Opposite Parties to recognize compromise decree and give effect to the
takeover agreement by making necessary changes in their records.
2. One Mr. Tejpal Singh, is said to be the sole proprietor of one `M/s
Paltronics Allied Industries’ (hereinafter referred to as “Erstwhile
Entity”), which was duly registered as a Small-Scale Industry. The
Erstwhile Entity, entered into a duly registered Lease Deed dated
December 13, 1979 (hereinafter referred to as “Lease Deed”) with the
Governor of the State of Orissa, in terms of which the Erstwhile Entity
became the lessee of the Landed Property Situated in Mouza Mouza –
Patia, bearing Plot No. 309/1694, under Khata No. 474/5, Area – Ac.
5.000 Dec. (hereinafter referred to as “Subject Property”).