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Industrialist Anil Ambani's energy firm, locked in a legal battle with his elder brother Mukesh Ambani's Reliance Industries Ltd (RIL) over supply of natural gas from the Krishna-Godavari basin, Tuesday told the latter that the government had no role to play in the dispute.
Anil Ambani's Reliance Natural Resources Ltd (RNRL), in its reply to RIL's lawsuit against the Bombay High Court ruling on the gas sharing between the two firms, said that the government has no role to play in a private gas sharing dispute.
RIL has named the government as an intervener in its lawsuit.
RNRL said RIL was trying to depict the dispute as one between RNRL and the government rather than one between RIL and RNRL, adding that the government actually has little role to play in the dispute.
"The sale of gas is from RIL's share, over which it has complete marketing freedom. RNRL is not concerned with any part of the government's share of gas," the RNRL reply to the RIL lawsuit said, adding that impugned Bombay High Court ruling has no fiscal implication for the government.
"...Since the government does not receive any part of the proceeds of the sale of gas by RIL from its share of gas, there is no revenue implication to the government in the present dispute," RNRL said in its reply.
Alleging that RIL's special leave petition was "confused, contradictory and self-defeating," RNRL reply to RIL's lawsuit said the Mukesh Ambani-run firm had been taking different and changing stands before different fora.
Last updated on Jul 14th, 2009 at 21:00 pm IST--IANS
Benchmark indices of Indian equities markets struggled to add significant gains this week, even as conditions remained uncertain in economies and bourses around the world.
Reliance Big Entertainment and Brad Pitt's production company Plan B have entered into a pact with leading video gaming firm Capcom to make the sci-fi action game "Drak Void" into a motion picture.
Distressed at not getting an adequate price for his produce, a debt-ridden sugarcane farmer allegedly committed suicide. The victim burnt his fields in Uttar Pradesh's Baghpat district and then jumped in the fire, police said Saturday.
An inordinate delay of nearly 30 minutes on the Dwarka-Noida metro route Saturday morning caught people unaware, leading to snaking queues in the metro stations. Tired of waiting, a number of commuters sought refund of their tickets and took other conveyances for their onward journey.
Uttar Pradesh Chief Minister and Bahujan Samaj Party (BSP) president Mayawati has accused the central government of "deliberately delaying" the decision to withdraw the ordinance on sugarcane pricing in order to gain political
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