REL says gas distr within rights of ADAG

NEW DELHI: Accusing Mukesh Ambani-led Reliance Industries of "spreading falsehoods and disinformation" about breach of non-compete agreement by it, an Anil D Ambani Group Company said on Sunday that it was well within its right to enter gas pipeline, exploration and distribution (city) business.

Schedule-II of the said demerger agreement, even approved by RIL, stipulated that ADA group could have a captive fuel supply pipeline and acquire gas fields for power and distribution of gas business, Reliance Energy (REL) sources said here.

While RIL spokesperson could not be contacted for comments despite several attempts, sources close to the group wondered as to why ADAG was not exploring the legal and arbitration route if it felt so aggrieved by the so-called one sided non-compete agreement.

They also wanted to know as to why the lawyers and others associated with the process of formalising the settlement between the Ambani brothers are silent.