NTPC moves SC against Bombay HC ruling on RIL gas dispute
The power PSU moves the apex court challenging Bombay High Court’s decision that allowed Mukesh Ambani group firm RIL to amend its petition on the gas dispute citing government’s pricing policy.Updated: Sep 05, 2009, 14:21 IST
Power PSU NTPC on Saturday moved the Supreme Court challenging Bombay High Court’s decision that allowed Mukesh Ambani group firm RIL to amend its petition on the gas dispute citing government’s pricing policy.
A Division Bench of the the Bombay High Court had allowed amendment in the petition wherein RIL had prayed that the government’s policy on pricing of gas would frustrate its contract with NTPC.
The Special Leave Petition (SLP) by NTPC comes within days of the government moving the apex court stating that its pricing policy was without prejudice to the power PSU case against RIL.
NTPC had earlier taken opinion from top two law officers, wherein both the Attorney General and Solicitor General had advised the power PSU to move the Supreme Court saying the amendment by RIL seems to portray the goverbnment as the chief architect of the inability of RIL in being able to perform the contract.
The power PSU had earlier moved the Bombay High Court seeking 12 mmscmd gas from RIL which had emerged winner in an international competitive bid quoting a price of $2.34 per mmBtu.