Bombay High Court tells RIL to amend petition against NTPC
04 November 2009
Mukesh Ambani-led RIL was today directed by the Bombay High Court to make amendments in its petition against NTPC on a gas supply deal within two weeks.
The suit had been filed by NTPC against RIL to enforce the gas supply contract.
RIL was allowed by the Supreme Court to amend its petition so as to incorporate government's affidavit in RIL-RNRL case.
NTPC had moved the apex court challenging the high court's decision to allow amendment to RIL's petition on the plea that the government's policy on pricing gas would prejudice its contract to supply gas at a price of $2.34 mmBtu it quoted in a 2004 global tender.
In a related development justice R V Raveendran, a member of the three-judge Supreme Court bench hearing the case between the Ambani brothers, Mukesh and Anil over supply and pricing of natural gas recused himself from the case.
Raveendran quit after disclosing to the court that his daughter has been working for the Bangalore-based firm AZB associates which provides consultancy services to Mukesh Ambani's Reliance Industries on issues of global acquisition.