Anil Ambani-led RNRL today
contended before the Supreme Court that it has an
"unqualified" right to get gas at USD 2.34 per unit for 17
years from RIL which will along with the Government not suffer
any loss at this rate.
Anil Ambani is legally entitled to be reinstated vice chairman of Reliance Industries Ltd (RIL) if its de-merger on the basis of the family pact fails, counsel for RNRL told the Supreme Court on Wednesday.
Mukesh Ambani group firm RIL
on Friday told the Supreme Court that its directors have filed the
affidavits in the gas row to counter Anil Ambani`s contention
that the family MoU was approved by the RIL Board.
Swiss bank UBS has been fined eight million pounds in the UK after four of its senior employees
were found misusing funds of customers, including two
companies of Indian industrialist Anil Ambani-led group.
Reliance Industries (RIL) and Reliance Natural Resources (RNRL) on Tuesday joined hands to oppose the plea of a shareholder in both the companies to be made party in their ongoing dispute in the Supreme Court.
Mukesh Ambani Group firm RIL on Thursday faced some searching questions from the Supreme Court for its demand to raise the gas supply price to Anil Ambani`s RNRL asking how will it serve the public interest.
Anil Ambani group`s mutual fund house trusts Reliance Industries to be of great investment value, but the Mukesh Ambani-led firm appears to have no interest in the largest fund house Reliance Mutual Fund.
RIL on Thursday told
the SC it had vehemently protested against the
government taking away its freedom to market gas, whereas Anil
Ambani group had sought regulation of fuel sale through a gas
utilisation policy in 2007.