The Mumbai High Court on Thursday suggested that Anil and Mukesh Ambani approach their mother Kokilaben to resolve the dispute over the agreement for supplying gas from the Krishna-Godavari basic.
A division bench of Justices J.N. Patel and K.K. Tated was hearing a case regarding the dispute between Anil-led Reliance Natural Resources Ltd (RIL) over Gas Supply Master Agreement (GSMA) whereby RIL will be supplying gas for RNRL’s power plants.
Lawyers of both the brothers said they will seek instruction on the court’s suggestion and inform about it.
Meanwhile, the Central government told the court that National Thermal Power Corporation has no contract with Reliance Industries, contradicting NTPC’s own stand in its case against RIL.
The statement by the government’s counsel came during arguments in another case, namely the one between Mukesh Ambani-led RIL and Anil Ambani-led RNRL over gas supply agreement.
The government has sought to intervene in this matter. The moment government lawyer, Mr T.S. Doabia made the statement, RNRL lawers were up on their feet, pointing out that the statement almost destroyed NTPC’s case against RIL.
“What happens to your suit against RIL?” asked Mr Mukul Rohatgi, RNRL lawyer. “NTPC has been arguing all along that it has a concluded contract with RIL. With this statement, NTPC has no case at all,” he said.
Senior lawyer, Mr Ram Jethmalani, also appering for RNRL, said the government cannot say one thing in a case and something else in another. “This shows your government is corrupt,” said Mr Jethmalani.
However, Mr Doabia maintained that “My instruction are that NTPC dose not have a concluded contract with RIL”.
Friday, August 22, 2008
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