New Delhi: Alleging that Mukesh Ambani-led
RIL was trying to wriggle out of gas supply contracts with
NTPC and itself, Anil Ambani group firm RNRL on Wednesday asked the Supreme Court to make the power PSU a party to its ongoing
case against RIL.
The move comes within days of RNRL approaching the apex
court to become a party to the petition filed by NTPC against
RIL that seeks quashing of the Bombay High Court, which
allowed the Mukesh Ambani group firm to amend its petition.
Listing out the details of NTPC's case, RNRL said, "RIL
had adopted the same malafide design of inserting unsuitable
terms in the respective gas supply agreements with RNRL and
NTPC to renege from its binding obligations. This was as a
result of pure commercial greed in as much as the gas prices
had started rising."
Both RNRL and NTPC are seeking gas from RIL's KG-D6 fields
at a price of USD 2.34 per mmBtu, while RIL now argues that
the price needs government approval.
The pleadings come ahead of the commencement of final
hearing on the matters by the Supreme Court on October 20.
Bureau Report
First Published: Thursday, September 17, 2009, 00:06