Anil Ambani marks presence in Supreme Court
November 24th, 2009 - 12:38 pm ICT by IANSNew Delhi, Nov 24 (IANS) Industrialist Anil Ambani Tuesday marked a surprise presence in the Supreme Court where a dispute is being heard over supply of gas to his group company Reliance Natural Resources Ltd (RNRL) from Reliance Industries Ltd (RIL), led by his brother Mukesh Ambani.
“My presence in the honourable Supreme Court today reflects my deepest regard and respect for our judiciary,” Anil Ambani said, emerging out of the courtroom where a three-member bench headed by Chief Justice K.G. Balakrishnan is hearing the case.
“I have come here today not just on my own behalf but on behalf of the nearly 11 million shareholders of the Reliance Anil Dhirubhai Ambani Group — the largest shareholding family in the world — whose interests will be directly affected by the outcome of this case.”
The bench, which also comprises Justice B. Sudershan Reddy and Justice P. Sathasivam, is hearing the dispute over the supply of 28 million units of gas for 17 years at $2.34 per unit to RNRL from the gas fields off the Andhra Pradesh coast, awarded to RIL.
The price, tenure and quantity were based on a family re-organisation pact of 2005, but RIL subsequently said it could only sell the gas for $4.20 per unit, as this was the price, the company claimed, fixed by the government.
The Bombay High Court had given its verdict in favour of RNRL, which was subsequently challenged in the apex court.
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- 'Anil Ambani entitled to earlier rights in RIL if de-merger fails' (Lead) - Nov 25, 2009
- 'Anil Ambani entitled to earlier rights in RIL if de-merger fails' - Nov 25, 2009
- No ambiguity in gas price, quantity and tenure: RNRL (Second Lead) - Nov 24, 2009
- Supreme Court reserves verdict in Reliance gas dispute - Dec 18, 2009
- No ambiguity in gas price, quantity and tenure: RNRL (Lead) - Nov 24, 2009
- Ambani family pact not binding on RIL: Counsel - Nov 11, 2009
- RNRL objects to oil ministry being party to gas dispute (Lead) - Nov 17, 2009
- RNRL ends argument on gas dispute with plea for comprehensive solution - Dec 16, 2009
- RNRL seeks bankable agreement on Krishna-Godavari gas - Dec 15, 2009
- RIL can't enter private pacts for gas supply: Oil ministry - Nov 18, 2009
- RIL offers to withdraw affidavits of directors on Ambani pact - Nov 13, 2009
- RNRL chief Anil Ambani meets Prime Minister - May 12, 2010
- Didn't Mukesh know of Ambani family pact, asks apex court - Nov 12, 2009
- Apex court may conclude hearing Reliance gas dispute next week - Dec 10, 2009
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