dated 14.05.2010, the revisional authority set aside the order passed by the State Government. 27. In the context of the renewal of the lease, the key issue to consider is whether the High Court at Calcutta was justified in directing the formation of a High-Powered Committee comprising no more than three members, representing the Union of India, State of Odisha, and OMDC. This committee was tasked with making a reasoned decision on the renewal of the three leases within three months, after hearing TGP. The reason provided by the Company Judge, upheld by the Division Bench of the High Court at Calcutta, Civil Appeals a/o. SLP (C) Nos.7315-7316 of 2021 Page 7 of 14is rooted in the potential repercussions of non-renewal. Failure to renew the three leases in favour of OMDC, linked to the company under liquidation (BPMEL), could lead to adverse consequences. This includes the non- payment of amounts owed to creditors, including TGP and the workmen. The Company Judge's order observes that