JUDGMENT :

DR. B.R. SARANGI, J.

1. Jindal Steel & Power Limited, petitioner no.1, a company incorporated under the Companies Act, 1956, is engaged in business of manufacturing of sponge iron/steel, generation of electricity, development/operation of mines in India and abroad including coal mines. Jindal Power Limited, petitioner no.2, which is also a company incorporated under the Companies Act, 1956, is engaged in the business of generation of power, development and operation of mines etc. Petitioner no.3, who is working as Associate Vice-President of petitioner no.1 company and also one of its share holders, is duly authorized by the corporate management committee of Board of Directors of petitioner no.1 vide its resolution dated 02.03.2017 and petitioner no.2 vide resolution dated 17.02.2017 to institute legal proceedings against the opposite party with respect to the tender process for selection of Mines Developer and operator for Manoharpur Coal Mines vide NIT No.OCPL/33/2016 dated 12.12.2016.

2. Odisha Coal and Power Limited (in short ‘OCPL’) is a joint venture of Odisha P