NEW DELHI: Anil Ambani’s Reliance Natural Resources Ltd (RNRL) on Monday moved Supreme Court to join as a party in the Special Leave Petition filed by NTPC challenging Bombay high court order permitting Mukesh Ambani’s Reliance Industries Ltd (RIL) to amend the plea in its on-going dispute with the country’s largest power utility over sup-ply of gas from Krishna-Godavari basin.
RNRL said, the nod to RIL to amend its plea against NTPC will have a bearing on the its ongoing dispute with RIL in the apex court over KG slugfest.
RNRL in its application further said, “RIL’s conduct dalaying the im-plementation of the NTPC and RNRL gas based power generations fa-cilites and denying relief to the nation from the power cuts”. It along with other submissions should be placed on the record of the apex court to decide the on-going cases, said RNRL in its application filed through counsel Mahesh Agrawal.
It said, “the implication of RIL’s defence in the amended written statement would be that its contract with NTPC would in any event be frustrated as a consequnces of the relevant EGoM decisions. NTPC’s case is that the question of price has not been determined by the EGoM and that the gas utilization policy does not inhibit RIL from selling its share of gas to the third parties. This is the exact issue that is the subject matter of the SLP filed by RIL (against RNRL in the apex court)”.
RIL had filed SLP in the Supreme Court challenging the Bombay High Court order that asked it to supply 28 mmscmd of gas to RNRL at USD 2.34 per mmbtu.
NTPC had also filed SPL in the apex court aginst RIL saying the con-tractor can not take the plea by way of an amendment that it was un-able to perform the GSPA (Gas Sale&Purchase Agreement) due to government directives.
RNRL in its application, said,” admittedly, the issues that arise in the two cases are, therefroe, common. Any decision in the present SLP (NTPC vs RIL) would have a bearing in the case already pending be-fore this court (SC). By the present application, the applicant is, therefore, seeking to be joined as a party in the SLP.
This is because the interests of NTPC and the applicant (RNRL) are identical and the decisions of the issues in one case are bound to affect the decision in the other case”.
Anil Ambani’s led firm in its application, said, “it is submitted that since the issues that arise in the case filed by NTPC before this court (sc) directly affects the case of RNRL against RIL, it is just and neces-sary that RNRL is permitted to be impleaded as a party in the present case (NTPCvs RIL”.
RNRL further said, the issues instituted by NTPC and RNRL against RIL for enforcement of agreement over supply of KG gas are common.
http://economictimes.indiatimes.com/Anil-Ambani-group-seeks-to-join-NTPC-RIL-gas-row/articleshow/5010316.cms
RNRL said, the nod to RIL to amend its plea against NTPC will have a bearing on the its ongoing dispute with RIL in the apex court over KG slugfest.
RNRL in its application further said, “RIL’s conduct dalaying the im-plementation of the NTPC and RNRL gas based power generations fa-cilites and denying relief to the nation from the power cuts”. It along with other submissions should be placed on the record of the apex court to decide the on-going cases, said RNRL in its application filed through counsel Mahesh Agrawal.
It said, “the implication of RIL’s defence in the amended written statement would be that its contract with NTPC would in any event be frustrated as a consequnces of the relevant EGoM decisions. NTPC’s case is that the question of price has not been determined by the EGoM and that the gas utilization policy does not inhibit RIL from selling its share of gas to the third parties. This is the exact issue that is the subject matter of the SLP filed by RIL (against RNRL in the apex court)”.
RIL had filed SLP in the Supreme Court challenging the Bombay High Court order that asked it to supply 28 mmscmd of gas to RNRL at USD 2.34 per mmbtu.
NTPC had also filed SPL in the apex court aginst RIL saying the con-tractor can not take the plea by way of an amendment that it was un-able to perform the GSPA (Gas Sale&Purchase Agreement) due to government directives.
RNRL in its application, said,” admittedly, the issues that arise in the two cases are, therefroe, common. Any decision in the present SLP (NTPC vs RIL) would have a bearing in the case already pending be-fore this court (SC). By the present application, the applicant is, therefore, seeking to be joined as a party in the SLP.
This is because the interests of NTPC and the applicant (RNRL) are identical and the decisions of the issues in one case are bound to affect the decision in the other case”.
Anil Ambani’s led firm in its application, said, “it is submitted that since the issues that arise in the case filed by NTPC before this court (sc) directly affects the case of RNRL against RIL, it is just and neces-sary that RNRL is permitted to be impleaded as a party in the present case (NTPCvs RIL”.
RNRL further said, the issues instituted by NTPC and RNRL against RIL for enforcement of agreement over supply of KG gas are common.
http://economictimes.indiatimes.com/Anil-Ambani-group-seeks-to-join-NTPC-RIL-gas-row/articleshow/5010316.cms
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