Business Standard
Friday, Feb 17, 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
 

RNRL withdraws opposition to govt being a party
BSReporter / New Delhi Nov 20, 2009, 00:54 IST

In a new development in the RIL-RNRL appeals in the Supreme Court today on their gas dispute, RNRL revoked its opposition to the Union government being heard. And, the Solicitor General appeared for the first time, on behalf of the government and NTPC.

Anil Ambani-controlled RNRL was so far vehemently against the court letting the central government argue on the matter, since the latter was not, it contended, a party in the Bombay High Court, whose decision led to the current appeals. These are being heard by a bench headed by Chief Justice K G Balakrishnan.

However, RNRL counsel Ram Jethmalani told the court it would no longer oppose the presence of the government. He said he would ask for the production of certain official documents and reserve the right to cross-examine certain officials in the petroleum ministry.

In the second development, Solicitor General Gopal Subramanium appeared to clarify what he said were certain misconceptions which had crept into the case. He clarified that the interests of the government and that of NTPC are identical. The government, he said, had got an application of RNRL referring to NTPC, and he was present to clarify the position.

Harish Salve, counsel for Mukesh Ambani-controlled RIL, said it was not necessary to involve NTPC and the application (of RNRL) was meant only to “create confusion”, after spreading misinformation through a prolonged advertisement campaign. Moreover, the issues involving NTPC and RIL are separately before the Bombay high court and so, the SC should not consider these at this stage.

In any case, said Salve, RNRL cannot rely on that suit, and must instead prove its case that it is entitled to the gas at the price it demands. The question being argued in the HC is different — on whether there was a concluded contract between NTPC and RIL on gas price and distribution. RNRL cannot involve NTPC to seek a suitable price.

Earlier, Vivek Tankha, additional solicitor general, said the government had explained its concerns in its affidavits to the Bombay HC during the RIL-RNRL case. So, it could not be shut out from the hearing in the SC. The production sharing contract has taken away the government’s role and resulted in one industrial group holding national assets for its own business. This cannot be permitted, he said.

Jethamalani opened his arguments for RNRL and stated that the theory of sovereign power claimed by the government has been jettisoned by the judiciary long ago. Yesterday, additional solicitor general Mohan Parasaran had relied on Article 297 of the Constitution to assert that all national assets were held in trust by the government.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Asian stocks fall as Greek bailout delay dampens mood
- Marico: Stepping into unchartered territory
- Sonalde Desai: Sons of the soil
- A crown of thorns awaits winners of BMC polls
- Bhupesh Bhandari: A spectrum of disagreement
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  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
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us