Demerger scheme cannot be ignored: RNRL in SC

Stumbling blocks for resolving the gas row between the Ambani brothers can be removed by putting together the family MoU and the demerger scheme,Anil Ambani-led RNRL told the Supreme Court today.

RNRL said these factors were pivotal for arriving at a suitable arrangement and even the two Benches of the Bombay High Court had held that the Mukesh Ambani group RILs Board and its directors were aware of the binding nature of the MoU which provided the road map for the demerger scheme.

The MoU was binding on all. We have concurrent findings of two courts below, RNRLs counsel Ram Jethmalani told the Bench.