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Friday, July 3, 2009

RNRL moves SC, wants gas supply from RIL as binding

Anil Ambani group company RNRL today moved the Supreme Court seeking modification in the Bombay High Court order to make binding the gas

supply from Mukesh Ambani-led Reliance Industries.

RNRL moved the Supreme Court two days after RIL said it would move the apex court on the Bombay High Court order that upheld Anil Ambani group's plea for 28 mmscmd of gas at a rate of USD 2.34 mmbtu but asked the two sides to negotiate an agreement for this.

"After categorically ruling in our favour, court cannot ask us again to sit down with a party which is not willing to sit across...not now, or even in the past," Reliance Natural Resources lawyer Mukul Rohatgi told reporters her.

He said a special leave petition has been filed challenging the last part of the high court order asking RNRL to "again negotiate" after "ruling in our favour in terms of price of gas, tenure and quantity"

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