20.10.09

Gas row: Supreme Court to hear Ambanis' case

The Supreme Court will begin the hearing on the gas row between the estranged industrialist brothers -- Mukesh and Anil Ambani on Tuesday.

The case between Reliance Industries, headed by Mukesh, and Reliance Natural Resources Ltd, led by Anil, is over a deal to sell gas to RNRL at below-market rates as per a family settlement.

Anil wants the demerger agreement between the brothers honored that allows him a share of the gas at a price that is 44% lower than what the government has set. The Supreme Court will begin the hearing on the gas row between the estranged industrialist brothers -- Mukesh and Anil Ambani on Tuesday.

The case between Reliance Industries, headed by Mukesh, and Reliance Natural Resources Ltd, led by Anil, is over a deal to sell gas to RNRL at below-market rates as per a family settlement.

Anil wants the demerger agreement between the brothers honored that allows him a share of the gas at a price that is 44% lower than what the government has set. The Supreme Court will begin the hearing on the gas row between the estranged industrialist brothers -- Mukesh and Anil Ambani on Tuesday.

The case between Reliance Industries, headed by Mukesh, and Reliance Natural Resources Ltd, led by Anil, is over a deal to sell gas to RNRL at below-market rates as per a family settlement.

Anil wants the demerger agreement between the brothers honored that allows him a share of the gas at a price that is 44% lower than what the government has set.

Anil has led a high-pitched campaign over the past few months - first with a stormy speech at the shareholders meeting and then with a slew of advertisements splashed on the front pages of newspapers - accusing Mukesh of greed and the government of being biased to Mukesh.

Just ten days ago, he made a surprise truce offer to resolve the dispute amicably. But with Mukesh rejecting Anil's olive branch, the action now moves to the Supreme Court

Anil has led a high-pitched campaign over the past few months - first with a stormy speech at the shareholders meeting and then with a slew of advertisements splashed on the front pages of newspapers - accusing Mukesh of greed and the government of being biased to Mukesh.

Just ten days ago, he made a surprise truce offer to resolve the dispute amicably. But with Mukesh rejecting Anil's olive branch, the action now moves to the Supreme Court

Anil has led a high-pitched campaign over the past few months - first with a stormy speech at the shareholders meeting and then with a slew of advertisements splashed on the front pages of newspapers - accusing Mukesh of greed and the government of being biased to Mukesh.

Just ten days ago, he made a surprise truce offer to resolve the dispute amicably. But with Mukesh rejecting Anil's olive branch, the action now moves to the Supreme Court

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