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This is an archive article published on October 1, 2009

SC not to interfere with HC move to allow RIL plea

However,the apex court allowed NTPC to file a reply to deny the allegations.

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The Supreme Court refused to interfere with the Bombay High Court decision to allow RIL to amend its petition related to the gas dispute with state-run NTPC.

However,the apex court allowed NTPC to file a reply to deny the allegations,if any,levelled by RIL in its amended written statement.

The bench headed by Chief Justice K G Balakrishnan also directed the high court to dispose of the matter expeditiously.

NTPC had moved the Supreme Court challenging the Bombay High Court8217;s decision that allowed Reliance Industries to amend its petition on the gas dispute saying the government8217;s policy would render the deal with power PSU infructuous.

The power PSU had sought 12 mmscmd gas from RIL,which had emerged winner in an international competitive bid quoting a price of USD 2.34 per mmBtu. But RIL now says the government8217;s policy on gas utilisation could frustrate the deal.

 

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