SC-AMBANI 2 LAST

SC-AMBANI 2 LAST
Senior counsel Harish Salve also opposed RNRL's plea for
dismissing RIL's petition, saying only his client's creditors
or members of the Board can challenge maintainability of the
petition.

Salve said RNRL was a third party and hence, cannot seek
dismissal of RIL's plea. RNRL has also separately challenged
the government's petition in the dispute.
The Ambani gas dispute pertains to RNRL's demand that it
be supplied 28 mmscmd of gas from RIL's KG-D6 gas fields at a
price of USD 2.34 per mmBtu agreed in a 2005 family MoU.
RIL, however, contends that it cannot do so in view of
the government policy, which in 2007 approved USD 4.20 per
mmBtu as price for gas from the KG-D6 fields.
In its arguments Tuesday, Reliance Industries told
the Supreme Court that the 2005 family agreement to divide the
Reliance empire was a pact between the Ambani brothers and
Anil should sue Mukesh if he feels aggrieved. PTI IB
PMR


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