Tuesday, July 3, 2007
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Deccan Herald » Business » Detailed Story
Bombay HC to hear RIL plea
Mumbai, PTI:
Mukesh Ambani-run Reliance Industries, on Monday, has filed an appeal before a division bench seeking a stay on an interim order by a single bench restraining it from selling gas to companies other than RNRL and NTPC.

   The Bombay High Court will on July 5 hear Mukesh Ambani-run Reliance Industries’ (RIL) appeal for review of an interim court order limiting gas sales from its KG-D6 block to brother Anil’s group company Reliance Natural Resources Ltd (RNRL)  and state-run NTPC.
   RIL, on Monday, has filed an appeal before a division bench headed by Chief Justice Swantra Kumar seeking a stay on an interim order by a single bench restraining it from selling gas to companies other than RNRL and NTPC. The appeal will be heard on July 5, an RIL spokesperson said. RIL had last month invited bids from power and fertiliser companies with consumption of more than one million standard cubic meters per day and falling on its gas pipeline from Kakinada in Andhra Pradesh to Ahmedabad in Gujarat. But Anil Ambani Group, which claimed half of the 80 mmscmd planned peak output from KG-D6 was committed to RNRL as part of the family split, approached the court for a stay.
   A single bench of the Bombay High Court in an interim order stated that the 81.6 mmscmd output is only for RNRL, NTPC or RIL’s captive use for next eight years.

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