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RIL can’t sell gas to RNRL; asks SC not to stop 3rd party sale

RIL can’t sell gas to RNRL; asks SC not to stop 3rd party sale
PTI
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First Published: Fri, Jul 17 2009. 02 30 PM IST
New Delhi: Mukesh Ambani-led RIL today said it would not be possible to supply gas to Anil Ambani group firm RNRL without the government’s nod and requested the Supreme Court not to restrain it from selling gas to others.
Accusing RNRL of taking contradictory stands in an attempt to mislead Supreme Court, RIL said in its affidavit that the interim relief sought by the other party on gas sale be rejected as it did not have any plants capable of receiving the fuel.
RIL also submitted that any damages suffered by RNRL, if established, can be recompensated later by money and added that gas supplied at this stage to RNRL could be used only for the purpose of trading with third parties.
“The profits that RNRL may make is not a concern of RIL. In fact, RNRL was created just so that it could earn such a profit,” RNRL had said in its affidavit filed in Supreme Court on Tuesday in reply to a separate petition by RIL.
Stating that it can’t sell gas to anybody without official nod, the affidavit filed by RIL’s law firm Parekh & Company said today the government as such had rejected the price of $2.34 per mmBtu for gas. The current applicable price as per government formula is $4.20 per mmBtu.
Both RIL and RNRL have filed cross-appeals challenging the Bombay High Court decision on gas supply, in which the Mukesh Ambani-run firm has named the government as intervener. The government’s affidavit is expected anytime now.
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First Published: Fri, Jul 17 2009. 02 30 PM IST
More Topics: RIL | RNRL | Supreme Court | Gas | Mukesh Ambani |