Business Standard
Saturday, May 26, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Anil wonders what drives Mukesh-led RIL: 'greed or vendetta'
Press Trust of India / Mumbai Aug 07, 2009, 20:22 IST

Fuelling their public spat, Anil Ambani today wondered if "corporate greed, personal vendetta" or his advisers were driving elder brother Mukesh to deny gas to his group firm.

Reacting to Mukesh Ambani-led Reliance Industries' (RIL) statement advising restraint on both sides while the Supreme Court settles the gas dispute, Anil Ambani group said that it was RIL that disregarded the judiciary by not implementing the Bombay High Court order on gas supply.

"RIL is seeking refuge under a false cover of ongoing legal proceedings to skirt questions of national importance, which are not even before the Supreme Court," the Anil Dhirubhai Ambani Group statement said.

The Supreme Court is to hear on September 1, cross-appeals filed by Mukesh and Anil group firms on the June 15 High Court order that asked RIL to supply 28 mmscmd of gas to RNRL at $2.34 per mmBtu for 17 years.

The statement quoted Anil as saying: "I am pained that under my respected elder brother's leadership, RIL is still doing everything in its power to renege on its binding commitment to supply gas to us.

"This is so contrary to the fundamental values of trust and integrity that my visionary father, Dhirubhai Ambani, stood for, and on the basis of which he founded Reliance. Whatever be the reason... And I have no idea what it is... corporate greed, personal vendetta, misguided advise from the 3Cs – chelas, chamchas and cronies."

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- SAIL to add 5 mn tonne capacity in FY13
- NHPC FY12 net up 28% at Rs 2,772 cr
- Aarti Industries Q4 up nearly 27% at Rs 28.24 crore
- BPCL posts four-fold jump in Q4 net at Rs 3,963 cr
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Reddy rules out rollback of rise in petrol prices
- Ajit Singh meets striking pilots
- IPL on turning track, broadcast revenue down by a third
- FIIs bet heavily in Indian market, but in Singapore
- No country for easy skill development
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us