...
...
Next Story

Settle gas row out of court, opine Govt counsel

Government counsel are understood to have advised the Centre to explore out-of-court settlement in the Ambani brothers' gas dispute as it cannot afford to contradict its position in another matter involving power PSU NTPC.

Updated on: Aug 12, 2009, 21:18:30 IST
Advertisement

Government counsel are understood to have advised the Centre to explore out-of-court settlement in the Ambani brothers' gas dispute as it cannot afford to contradict its position in another matter involving power PSU NTPC.

HT Image
HT Image

Informed sources said Solicitor General Gopal Subramanium has advised the government to "find a solution which should reflect one stand and no element of public interest should be jeopardised." The advice has been placed before the Prime Minister for approval and he has already seen it, sources said.

The recommendation comes in the wake of RIL being allowed to amend its plea before the Bombay High Court, where the private company used the government's affidavit on gas pricing to buttress its argument on why it should not supply gas to NTPC at the bid price of $2.34 per mmBtu.

Noting that this was a very serious matter, the source said RIL as a defendent in the NTPC's suit before the High Court cannot use the government's stand against a PSU.

"Government cannot destroy the case of NTPC or any other PSU," Subramanium is believed to have opined.

The Solicitor General has suggested that the government should settle the issue, may be, out-of-court with all the parties concerned.

 
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe