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Anil Ambani makes a surprise appearance at Supreme Court | Industrialist Anil Ambani, who heads the Reliance Natural Resources Limited (RNRL), made a surprise appearance at the Supreme Court on Tuesday. The court was
hearing of the gas price dispute row between RNRL and Reliance Industries Ltd (RIL) on
tapping the gas in the Krishna-Godavari Basin block. A three-member bench headed by
Chief Justice KG Balakrishnan has been hearing the dispute over the supply of 28 million
units of gas for 17 years at 2.34 dollars per unit to RNRL from the gas fields off the
Andhra Pradesh coast, awarded to his brother Mukesh Ambani's RIL. After coming
out of the courtroom, Anil Ambani's legal counsel, Ram Jethmalani spoke very minimal
to the media and said that he has not been instructed to hold press conferences.
"I have no instructions from my client to hold press conferences. Secondly, you
have already asked him some questions, I hope he has answered them. I had asked
Anil Ambani that when I am discussing the MoU (Memorandum of Understanding), you
(he) should be present," Jethmalani said. Ambani family's MoU is an agreement
on the basis of which estranged brothers Anil and Mukesh Ambani divided the assets
of the Reliance business empire between themselves. Earlier, the Bombay High Court
had given its verdict in favour of RNRL, but RIL subsequently challenged it in
the Supreme Court. |
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