Gas Dispute | RNRL seeks final hearing on 1 September

Gas Dispute | RNRL seeks final hearing on 1 September
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First Published: Wed, Jul 29 2009. 03 40 PM IST
Updated: Wed, Jul 29 2009. 03 40 PM IST
New Delhi: Amid an intense legal and public battle for ensuring gas supply from RIL to his group company, industrialist Anil Ambani on Wednesday said RNRL would on Thursday approach Supreme Court seeking final hearing on the matter on 1 September.
The company separately served notices on RIL and the petroleum ministry, which Anil had on Tuesday accused of siding with his elder brother Mukesh group firm in the dispute.
“Today RNRL has served notice on petroleum ministry and Reliance Industries that RNRL counsel will be mentioning the matter before the Supreme Court on Thursday. The Supreme Court will be requested to take up the matter for final hearing on 1 September,” Anil told reporters who joined a telephonic conference call.
Supreme Court was scheduled to hear on 1 September the cross-appeals by both RNRL and RIL on a Bombay high court judgement, as also a petition by the petroleum ministry to stay the high court order on gas supply at $2.34 per mmBtu.
Accusing RIL of deliberately dragging its feet on gas supply despite the contract being upheld thrice by the Bombay high court, he cautioned the oil ministry that it should not be influenced by the delaying tactics of RIL.
“I will be personally happy to be proven wrong if RIL also agrees to our request tomorrow if it genuinely wants to resolve the issue expeditiously.”
Anil’s announcement to move Supreme Court on Thursday comes a day after his scathing attack on petroleum minister Murli Deora, although he did not take any names, and the petroleum ministry for colluding with RIL which he claimed stands to benefit by Rs50,000 crore by way of super-profit.
“Since the petroleum ministry has reiterated on several occasions that the matter is of national importance, RNRL will request them to support (our request for early final hearing) and not get misled and misguided by RIL who we believe only wants to delay the matter probably indefinitely,” he said.
Shortly after Anil’s allegations on Tuesday, finance minister Pranab Mukherjee had on Tuesday night called a meeting with Deora and law minister Veerappa Moily to presumably discuss the government’s position.
The gas supply dispute between RNRL and RIL widely affects the public interest and the matter concerns power projects of national importance with a capacity of 12,000 MW and entailing investment of over Rs50,000 crore as also the interest of over 10 million shareholders, Anil said.
Noting that Supreme Court has been gracious to fix 1 September as the date for hearing the preliminary aspects of the matter, Ambani said: “RNRL would like to have an early resolution of the matter expeditiously.”
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First Published: Wed, Jul 29 2009. 03 40 PM IST
More Topics: Gas dispute | RIL | RNRL | Mukesh Ambani | Anil Ambani |