Dipak Misra, J.

1. The factual matrix and the question of law being similar in these writ petitions they were heard analogously and are disposed of by this common order. For the sake of clarity and convenience the facts in W.P. No. 6905/2000 are herein depicted.

2. The petitioner, Life Insurance Corporation of India (hereinafter referred to as 'the Corporation') was established by notification dated 1st September 1956 under Section 3 of the Life Insurance Corporation Act, 1956. The affairs of the Corporation are governed by the aforesaid Act and the Rules framed thereunder as well as under the Insurance Act, 1938. The central office of the Corporation is located at Jeevan Bima Marg, Bombay and under the Central Office there are Zonal Offices. The Central Zonal Office is located at Bhopal controlling the Divisional and Branch Offices in the entire State of Madhya Pradesh. There is a Divisional Office at Raipur and under the said Divisional Office there are a number of Branch Offices.

3. It is averred in the writ petition that the Corporation filed an O.A. No. 10/99 before the Debts Recovery Tribunal, Jabalpur (hereinafter referred to as 'the Tribunal') for realization of a certain