Arguments in RIL-RNRL dispute likely to conclude on Tuesday
The hearing of the legal tussle between Mukesh Ambani's Reliance Industries (RIL) and Anil Ambani's Reliance Natural Resources (RNRL) is likely to be over on Tuesday.
By Almas Meherally & Piyush Pandey, ET Bureau |
MUMBAI: The hearing of the legal tussle between Mukesh Ambani's Reliance Industries (RIL) and Anil Ambani's Reliance Natural Resources (RNRL) is likely to be over on Tuesday. The division bench of the Bombay High Court comprising Justices JN Patel and KK Tated is expected to pass on an interim order soon after the hearing.
During the course of his arguments, RIL's counsel Harish Salve contended on Thursday that RNRL had made certain changes in its pleading that was submitted before the Court. The pleading submitted by RNRL, based on the Memorandum of Understanding signed between the Ambani brothers in June 2005, had been fudged and did not quote the MOU directly, Mr Salve said.
The subtle changes made in the pleadings was to change the beneficiary of gas from RIL's KG basin from Reliance Energy to the Anil Ambani group so that the group can use the gas for trading. Reliance Energy is a part of the Anil Ambani group.
RNRL also filed its affidavit in court on Thursday in response to the affidavits filed by the Union of India and RIL on Tuesday.
RNRL counsel Ram Jethmalani and Mukul Rohatgi are likely to present their arguments in the High Court from Friday and conclude it early next week.
During the course of his arguments, RIL's counsel Harish Salve contended on Thursday that RNRL had made certain changes in its pleading that was submitted before the Court. The pleading submitted by RNRL, based on the Memorandum of Understanding signed between the Ambani brothers in June 2005, had been fudged and did not quote the MOU directly, Mr Salve said.
The subtle changes made in the pleadings was to change the beneficiary of gas from RIL's KG basin from Reliance Energy to the Anil Ambani group so that the group can use the gas for trading. Reliance Energy is a part of the Anil Ambani group.
RNRL also filed its affidavit in court on Thursday in response to the affidavits filed by the Union of India and RIL on Tuesday.
RNRL counsel Ram Jethmalani and Mukul Rohatgi are likely to present their arguments in the High Court from Friday and conclude it early next week.
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