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Ambani case stalled for a day over conflict of interest | The Ambani gas dispute took a new turn today with Supreme Court Judge R V Raveendran pulling himself out of the case. Justice Raveendran, one of the judges hearing the high-profile
Ambani vs Ambani case, dropped out of the case citing a possible conflict of interest.
Earlier, the Supreme Court had put off the hearing of the case till October 20.
Mukesh Ambani and Anil Ambani are battling over the delivery of gas from the Krishna
Basin. Mukesh wants to revise the price at which Anil can buy from him. The price
agreed upon is below market rates, and was arrived at through a family agreement.
When the case came up before the courts last month, Justice Raveendran told the
court that he had shares in Mukesh Ambani's RIL and offered to withdraw from the
case if anyone had any objection. At that time, lawyers for both Mukesh and Anil
Ambani said that they were fine with his hearing the case. "I came to know that
my daughter is a partner in AZB Company. This company is advising RIL on global
acquisitions. Though it is not directly connected with the case, I don't want
to continue with the case," said Justice Raveendran. The case will start afresh
on Thursday in front of a new bench. The schedule for the case will see four days
of arguments each by lawyers representing Mukesh and Anil's companies. The Government
and the other interested parties will then have two days to present their side
of the case. |
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