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RNRL case: RIL to move SC next month |
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Mumbai: The Mukesh Ambani-led Reliance Industries (RIL) is preparing to move the Supreme Court early next month challenging the Bombay High Court verdict on the dispute between the Ambani brothers over the gas supply.
Even though there was no official confirmation, sources said there was no choice for RIL other than moving SC since there was need for absolute clarity on gas pricing and also trading of the same.
On June 15, the Bombay HC had ordered RIL to supply 28 million units of gas from the company`s KG basin fields at $2.34/mmbtu 44% lower than the government-approved rate for 17 years to Anil Ambani group firm RNRL.
RNRL also claimed that RIL representatives did not turn up for the meeting to thrash out details of gas supply.
RIL spokesperson said, "We have not completed the analysis of the implications of the judgement and the process of consultation of with legal advisers. We will decide upon further steps after competition of this process."
(Posted on : 01/07/2009)
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| RNRL case: RIL to move SC next month |
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