RIL questions RNRL's demand for gas without power plant
Mukesh Ambani's RIL today questioned in the SC the demand of brother Anil Ambani's RNRL for the immediate supply of gas from KG basin saying that it cannot be done in the absence of the proposed power plant as per the agreement reached between them.business Updated: Nov 12, 2009 19:48 IST
Mukesh Ambani's RIL today questioned in the Supreme Court the demand of brother Anil Ambani's RNRL for the immediate supply of gas from KG basin saying that it cannot be done in the absence of the proposed power plant as per the agreement reached between them.
"There was assurance given for the supply of gas but the other side (Anil Ambani Group) failed to establish the power plant. Now they want to make money out of the gas which was never contemplated in the demerger scheme," Senior advocate Harish Salve, appearing for RIL said before a Bench headed by Chief Justice KG Balakrishanan.
Continuing his argments in the high-votage gas row, Salve said the assured supply of gas was the vital ingredient of the agreement for the power plant to be established by the RNRL at Dadri, near Ghaziabad in Uttar Pradesh.
"Therefore, no court can modify the scheme which they (RNRL) sought," Salve submitted before the Bench, also comprising Justices B Sudershan Reddy and P Sathasivam.
RIL's submission revolved around the question of a suitable arrangement for the supply of gas from KG Basin to RNRL.
When the day's hearing was about to conclude, RNRL's counsel Ram Jethmalani contended that the seven affidavits filed in the apex court by RIL's Directors relating to the family MoU of 2005 saying were not the part of record when the dispute was heard in the Bombay High Court.