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Anil group now moves SC against oil regulator

business Updated: Oct 06, 2009 21:51 IST
HT Correspondent
HT Correspondent
Hindustan Times
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In the latest twist to the gas dispute between the two Reliance group scions, the Anil Ambani group firm Reliance Natural Resources Ltd moved the Supreme Court on Tuesday, alleging that the petroleum sector regulator V K Sibal was acting at the behest of Mukesh Ambani’s Reliance Industries Ltd (RIL) in exchange for undue favours.

RNRL’s move came a day after it was reported that the Central Vigilance Commission (CVC) has initiated an inquiry by the Central Bureau of Investigation (CBI) into the alleged nexus of Sibal with RIL.

Sibal has already denied these charges as untrue and unfair.

Citing media reports and the statements by the Director General of Hydrocarbons, RNRL said in its filing before the SC, “It appears that V.K. Sibal in exchange of undue favours has been doing favours to/accommodating RIL, including by way of approving capital expenditure of over Rs 40,000 crore.”

The Anil Ambani group firm wanted the country’s highest court to pass any order it deemed fit. Sibal has denied taking favours from RIL and maintained that DGH does not approve any expenditure and only assesses economic viability.

On its part, RIL’s spokesperson said “Reliance has not indulged in granting favors or drawn any undue advantage from any such alleged favours as is falsely suggested."