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Two footballers of Himachal Pradesh-based Khad FC, taking part in the IWL second division, had alleged Sharma, the owner of the club, had barged into their room and physically assaulted them on Thursday night.
Odisha ended up with 31 points from 12 matches.
Odisha have 28 points from 11 points, while Gokulam Kerala FC (26 points) are in second spot with one round of matches to go.
Gokulam Kerala men defeated Inter Kashi 4-2 in the I-League while the women's team edged Odisha FC 2-1 in IWL.
The Corporation decided to end the contract in its council meeting last week.
Sabitra Bhandari dazzled for the champions.
Manisha's team Apollon Ladies FC outplayed Latvian club SFK Riga 3-0 in their opener.
The Kozhikode-based side will be competing in the AFC Women’s Club Championship to be held at Amman in Jordan in November.
Gokulam Kerala FC edged out KRYPHSA FC 3-2 in a thrilling final as Nepali striker Sabitra Bhandari netted the winner three minutes from time.
Manisha Kalyan broke the deadlock with a brilliant free-kick before Sabitra Bhandari added the second a minute before half-time.