Hi

I have finally recovered the dropped tablespace I am posting the full solution here and hope that someone will find it useful

1. Drop tablespace test including contents;

2. Shutdown and startup mount

3. Restore controlfile
run {
set until time "to_date('25-07-2005 17:22:00','dd-mm-yyyy hh24:mi:ss')";
restore controlfile to '/tmp/control01.ctl' ; }

4. Shutdown and copy all backup control file to actual location

5. startup mount and starts recovery

run {
set until time "to_date('25-07-2005 17:22:00','dd-mm-yyyy hh24:mi:ss')";
restore database;
recover database;
sql "ALTER DATABASE OPEN RESETLOGS"; }

You have successfully recovered from your dropped tablespace! Case closed

Thanks hrishy for all your contributions! I will get back to the metalink guy with the solution!