Ambanis gas dispute hearing today
Two of the top corporate houses — headed by estranged industrialist brothers Mukesh and Anil Ambani — are set for a showdown in the Supreme Court, which will commence hearing on their gas supply dispute today. What's the row | Chronologybusiness Updated: Oct 20, 2009 14:09 IST
Two of the top corporate houses — headed by estranged industrialist brothers Mukesh and Anil Ambani — are set for a showdown in the Supreme Court, which will commence hearing on their gas supply dispute on Wednesday.
Meanwhile, Justice RV Raveendran has replaced Justice BS Chauhan on the three-member bench of the Supreme Court that will begin hearing tomorrow. The other two members on the bench are Chief Justice K G Balakrishnan and Justice P Sathasivam.
The fight relates to supply of gas to Anil Ambani group's Reliance Natural Resources Ltd (RNRL) from D6 block in Krishna-Godavari eastern offshore fields of elder sibling Mukesh-led Reliance Industries (RIL).
Days before the beginning of hearing in Supreme Court, Anil Ambani also made a surprise truce offer to resolve the dispute cordially, but Mukesh Ambani questioned its sincerity without rejecting the proposal.
In a public statement on October 11, Anil said all the disagreements could be resolved within weeks, but RIL questioned the sincerity of the offer made "through the public domain" and said Anil could have easily contacted his elder brother directly.
RIL also asked Anil to demonstrate the bonafide of his intentions behind the latest overture, adding it "welcomes this positive indicator and will not be found wanting in responding to them constructively."