Finally An End To Ambani’S Legal Tussle
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    • Finally an end to Ambani’s legal tussle

    Deepti Talwar

    MBA Student - ICFAI
    The legal tussle between Mukesh Ambani’s Reliance Industries and Anil Ambani’s Reliance Natural Resources is likely to be over next Tuesday. The fate of the case will be in the hands of the division bench of the Bombay High Court comprising Justices JN Patel and KK Tated. A final ruling is likely by March, said a senior counsel appearing in the case.

    On Thursday, RIL’s counsel Harish Salve contended that     RNRL had made certain changes in its pleading in the course of the lengthy court battle. The pleading submitted by RNRL, based on the MoU signed between the Ambani brothers in June 2005, had been “fudged” and did not quote the MoU directly, he said.

    RNRL also filed its affidavit in court on Thursday in response to the affidavits filed by the Union of India and RIL on Tuesday. The RNRL affidavit contended that RIL had bid to supply gas to NTPC at a particular price and the bid was accepted.

    It also said the gas supply to RNRL is to be made on terms no worse than the NTPC draft agreement, according to the family settlement. In this regard, the government was supposed to provide information as to the NTPC price approval but the affidavit submitted by the government did not directly answer this query, stated the RNRL affidavit, alleging that the “same was malafide and misleading.”
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