Bombay High Court directed Mukesh Ambani-led RIL to carry out amendments inits petition against PSU NTPC on a gas supply deal within two weeks. NTPC hadfiled the suit against RIL to enforce the gas supplycontract.Last month, SupremeCourt allowed RIL to amend its petition so as to incorporate government'saffidavit in RIL-RNRLcase.NTPC had moved the apexcourt challenging the high court's decision allowing...
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The Bombay High Court today directed Mukesh Ambani-led Reliance Industries (RIL) to carry out amendments in its petition against PSU NTPC on a gas supply deal within two weeks.NTPC had filed the suit against RIL to enforce the gas supply contract.Last month, Supreme Court allowed RIL to amend its petition so as to incorporate government's affidavit in RIL-RNRL case.NTPC had moved the apex court challenging...
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directed Mukesh Ambani-led Reliance Industries Limited (RIL) to amend within two weeks its petition against public sector unit National Thermal Power Corporation (NTPC) over a gas supply deal.The high court's direction was based on the supreme court's order allowing RIL to amend its petition so as to incorporate government's affidavit in the RIL-RNRL case.NTPC had moved the court challenging the high...
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high court today directed Mukesh Ambani-led RIL to carry out amendments in its petition against PSU National Thermal Power Corporation (NTPC) on a gas supply deal within two weeks.Last month, supreme court allowed RIL to amend its petition so as to incorporate government's affidavit in RIL-RNRL case.NTPC had moved the apex court challenging the high court's decision allowing RIL to amend its petition...
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NEW DELHI: Reliance Industries (RIL) on Thursday told the Supreme Court that the family memorandum of understanding (MoU) signed between the Ambanis reposed ‘decisive powers’ in the hands of Kokilaben Ambani — the mother of Mukesh and Anil, in resolving any dispute. However, Kokilaben’s decision could not be binding on the RIL board as this would be contrary to law, RIL’s lawyer Harish Salve said....
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a significant boost to the Anil Ambani-led Reliance Natural Resources Limited (RNRL), the Supreme Court on Thursday remarked that the country will stand to gain if natural gas from the Mukesh Ambani-led Reliance Industries Limited (RIL) Krishna-Godavari basin is sold at a lower price."If the price is less, the country gains; if the price is more, only you (RIL) gain," observed a bench comprising chief...
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NEW DELHI: Reliance Industries (RIL) on Friday offered to withdraw affidavits filed by seven of its directors, claiming they were unaware of the contents of the memorandum of understanding (MoU) signed between members of the Ambani family in 2005 for supply of gas from the Krishna-Godavari basin, only if Reliance Natural Resources (RNRL) agreed to withdraw an assertion in its affidavit that the RIL...
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Mukesh Ambani group firm RIL on Wednesday told the Supreme Court that the Gas Supply Master Agreement (GSMA) could be a suitable arrangement to resolve its dispute on supply of gas with Anil Ambani-promoted RNRL.Besides the GSMA, which is a post-contractual agreement with RNRL, RIL said the price fixed for distributing gas to NTPC in 2003 could be applied to settle the row between the two companies.However,...
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Reliance Industries Ltd (RIL) can't say it had no knowledge of the Ambani family pact between brothers Mukesh and Anil, which was brokered by their mother Kokilaben, the Supreme Court observed Thursday.As arguments continued on the Krishna-Godavari gas dispute, Ram Jethmalani, counsel for Anil Ambani's Reliance Natural Resources Ltd (RNRL), wanted to question seven directors of RIL whose affidavits...
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Supreme Court on Wednesday questioned Mukesh Ambani-led Reliance Industries Ltd’s (RIL) decision to delink itself from the Memorandum of Understanding (MoU) signed between the two brothers.“There was a common joint asset,” the bench headed by Chief Justice of India said. “When the division took place, you kept the production and decided not to part with it. However, you went in for an MoU and gave...
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