Court permits government to plead in Reliance gas disputeOctober 21st, 2008 - 8:32 pm ICT by IANS
Mumbai, Oct 21 (IANS) The government was Tuesday allowed to present its position on the dispute over natural gas supplies of Reliance Industries being heard by the Bombay High Court.The court said it had no issues in allowing the government to be a party to the matter while hearing the dispute between Mukesh Ambani’s Reliance Industries and his younger brother, Anil Ambani’s Reliance Natural Resources.
The move comes after counsels for Reliance Natural Resources decided to withdraw their opposition and said they had no problem in the government joining the litigation.
The formal order allowing the government to join the hearing as a third party is expected to be passed by the court Wednesday.
The dispute revolves around the natural gas supply from Krishna Godavari G-D6 block over which company has the rights over the hydrocarbon asset gas and at what price.
The Anil Ambani group has claimed at least half of the 80 million standard cubic metres of gas per day envisaged from the fields off the Andhra Pradesh coast - said to be the country’s biggest source of hydrocarbons today.
The group has told the court that under a pact with Reliance Industries, the gas from the Krishna-Godavari basin has to be given to it on the same terms as the state-run NTPC, formerly National Thermal Power Corp.
The family pact records the arrangement between Anil and Mukesh Ambani as part of the demerger scheme of the Reliance group founded by their father Dhirubhai Ambani, and also notes what needed to be done in future.
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- Ambani brothers enter new pact, gas dispute settlement in sight (Lead) - May 23, 2010
- Ambani brothers pledge 'environment of harmony' with new pact (Roundup) - May 23, 2010
- Apex court verdict on Reliance gas dispute Friday morning - May 06, 2010
- Apex court verdict on Krishna-Godavari gas dispute likely Friday - May 05, 2010
- Supreme Court to hear Reliance gas dispute from Tuesday (Lead: Also See Chronology) - Oct 19, 2009
- Apex court to hear Ambani gas dispute case Tuesday - Oct 19, 2009
- What has the Reliance gas dispute been all about? - May 07, 2010
- High gas price only profits Reliance Industries: Court - Oct 29, 2009
- Supreme Court begins hearing dispute over Reliance gas (Lead, superseding earlier story) - Oct 20, 2009
- Government has sole right to fix gas price: Reliance Industries - Nov 10, 2009
- Chronology of the Krishna-Godavari gas dispute - Oct 19, 2009
- Why not go for arbitration: Court on Reliance gas dispute - Oct 21, 2009
- Oil ministry's stand on gas row dishonest: RNRL (Second Lead) - Nov 10, 2009
- Government's stand in gas row dishonest: Anil Ambani Group (Lead) - Nov 10, 2009