RNRL-RIL KG case adjourned till Wednesday
Hearing on the petition of Reliance Natural Resources (RNRL) seeking the Bombay High Court to restrain Reliance Industries (RIL) from selling natural gas from its KG basin gas fields to third parties has been adjourned till Wednesday.
By ET Bureau |
MUMBAI: Hearing on the petition of Reliance Natural Resources (RNRL) seeking the Bombay High Court to restrain Reliance Industries (RIL) from selling natural gas from its KG basin gas fields to third parties has been adjourned till Wednesday.
The division bench of Justice SB Mhase and Justice PB Varale has directed the counsels appearing for these companies to take up the matter before the Chief Justice of the Bombay High Court on Wednesday. The Chief Justice will decide which bench of the court should hear the matter. Legal representatives of the warring Ambani brothers have requested the Bombay High Court for successive court hearings so that the dispute could be resolved expeditiously. Harish Salve appeared for RIL while RNRL was represented by Ram Jethmalani.
The dispute between the two companies relates to allotment of gas from RIL���s KG basin to a proposed 7,500 megawatt power plant being built by the Anil Ambani firm Reliance Energy. RNRL wants uninterrupted supply of 28 mmscmd (million metric standard cubic meters per day) of gas at a price of $2.34 mmbtu for 17 years to feed the group���s ambitious 7500 mw power plant at Dadri which RIL refused to oblige.
The division bench of Justice SB Mhase and Justice PB Varale has directed the counsels appearing for these companies to take up the matter before the Chief Justice of the Bombay High Court on Wednesday. The Chief Justice will decide which bench of the court should hear the matter. Legal representatives of the warring Ambani brothers have requested the Bombay High Court for successive court hearings so that the dispute could be resolved expeditiously. Harish Salve appeared for RIL while RNRL was represented by Ram Jethmalani.
The dispute between the two companies relates to allotment of gas from RIL���s KG basin to a proposed 7,500 megawatt power plant being built by the Anil Ambani firm Reliance Energy. RNRL wants uninterrupted supply of 28 mmscmd (million metric standard cubic meters per day) of gas at a price of $2.34 mmbtu for 17 years to feed the group���s ambitious 7500 mw power plant at Dadri which RIL refused to oblige.
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