Business Standard
Thursday, May 31, 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
 

SC notice on Govt plea on gas dispute; hearing on Sep 1
BS Reporter / New Delhi Jul 20, 2009, 13:10 IST

The Supreme Court today sent the Ambani brothers’ cross appeals against the Bombay high court judgment  to a three-judge bench to be constituted by September 1, which indicates that there would be no early decision on the myriad questions raided by the parties.

The two-judge bench headed by Chief Justice K G Balakrishnan issued notice on the special leave petition moved by the central government, though lawyers for Anil Ambani-owned RNRL bitterly opposed it. They argued that the government was only an intervener in the high court and it withdrew midway during the hearing there when a government official was sought to be cross-examined.

Moreover, said lawyer-politician Ram Jethmalani, the oil ministry was “in the pocket” of the respondent (RIL). This led to some repartees on what was in whose pocket.

Additional Solicitor General Mohan Parasaran justified the government’s appeal on the ground that it was “deeply aggrieved” by the order of the High Court.

The Chief Justice  remarked at the start of the hearing that the petitions should be heard by a larger bench in view of the issues raised. After consulting the lawyers representing the parties September 1 was selected.

Counsel Mukul Rohtagi for RNRL submitted that though the high court had given a judgment in its favour on all points, like the price, the quantity and the 17-year-period, it could not enjoy the fruit of the judgment because of the appeals. He also opposed the intervention of several consumers like power and fertiliser companies. The power companies pleaded that their business would be affected if they are caught between the warring brothers.  The court allowed their intervention and asked all the parties to file their statments.

Counsel Harish Salve for RIL asked the court to make it clear that the present arrangement on the gas supply would continue. The Chief Justice only replied that “we are not making any order.” Salve provided a list of all parties before the court for its assistance.

The Chief Justice now has to constitute a new bench for hearing the numerous parties before the court. Since there are several high profile companies, all of them will have to be heard from September 1 and a reasoned judgment has to be written. Thus the final decision is unlikely before the year-end.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower ahead of May F&O expiry
- Parsvnath posts Rs 23 cr loss in Q4
- Educomp net down 57% at Rs 61 cr in Jan-Mar qtr
- DLF Q4 net plunges 39% to Rs 211 cr
- Provogue Q4 net profit down 71% at Rs 1.81 cr
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- 
- "Discover The Power of One"
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 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
- 2 Lac Apartments, 1 Lac House / Plots. Click here
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
   
- Vodafone notice on arbitration premature: Govt
- Coal blocks for infrastructure projects get GoM nod
- Dissidence brewing in state: Senior BJP leaders team up against Modi
- Tata Motors skids as margins dip at JLR
- Rupee-sensitive stocks risky for new investors
 
 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