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RIL has marketing freedom: Jethmalani

RIL has marketing freedom: Jethmalani
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First Published: Wed, Dec 02 2009. 12 10 AM IST
Updated: Wed, Dec 02 2009. 12 10 AM IST
New Delhi: Ram Jethmalani, lawyer for Reliance Natural Resources Ltd (RNRL), argued in the Supreme Court on Tuesday that the oil ministry had, in various submissions, conceded that Reliance Industries Ltd had complete marketing freedom.
“This would allow RIL to sell gas to whichever party it wants, including RNRL,” Jethmalani said in his concluding arguments today in the case between the two companies. It was later that the ministry changed its stance to say that government approval was a prerequisite for RIL before selling gas. RIL has been arguing that the supply of gas from its KG D6 basin is subject to government pricing policy and approval.
Refuting RIL ’s contention that the supply of gas is dependent on the Dadri power plant being ready, Jethmalani said that RIL had breached the family based agreement to supply gas. Another counsel for RNRL Mukul Rohatgi is scheduled to continue arguments on the company petition on Wednesday.
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First Published: Wed, Dec 02 2009. 12 10 AM IST