RIL offers conditional withdrawl of Affidavits | business | Hindustan Times
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RIL offers conditional withdrawl of Affidavits

business Updated: Nov 13, 2009 21:34 IST
HT Correspondent
HT Correspondent
Hindustan Times
Reliance Industries Limited

Reliance Industries Limited (RIL) on Friday said it was ready to withdraw the affidavits filed by seven of its directors denying any knowledge about the pact between the Ambani brothers, if Reliance Natural Resources Limited (RNRL) was willing to budge on its claim that the family agreement was approved by the undivided RIL board.

RIL senior counsel Harish Salve made the conditional offer to RNRL before a bench headed by Chief Justice K.G. Balakrshnan hearing the gas dispute between the Ambani brothers Mukesh and Anil.

Salve said the affidavits were to counter RNRL's averment in its special leave petition (SLP) stating the RIL board approved the memorandum of understanding (MoU).

“If RNRL amends their SLP or makes changes, we will consider what is to be done. If they based their submission on the arguments forwarded to the Bombay High Court, then the bench is free to ignore the affidavits. As of now none of the affidavits stand withdrawn,” Salve said.

RNRL's senior counsel Ram Jethmalani shot back, saying RIL could contradict its arguments in accordance with the law. He said that he would prove that the board of directors of the undivided RIL knew of the MoU.