Any One give me idea about RIL-RNRL Case & What is Short Term Target ...

The Bombay High Court has once again postponed hearing on Reliance Industries (RIL)-Reliance Natural Resources Ltd (RNRL) case till August 12, 2008. The court will decide in its next hearing whether the government can intervene in this case at this stage. The government had filed a petition in the High Court to become a party to the case, supporting RIL. However, it has failed to provide similar support to its own firm National Thermal Power Corporation (NTPC). RIL had won the right to supply 12 million metric standard cubic metres per day (mmscmd) of gas to NTPC’s power projects in Kawas and Gandhar in Gujarat at a price of .34 per million metric British thermal unit (mmbtu). RIL had quoted the lowest price in 2004 in the bidding process. NTPC went to court in 2005 after RIL did not sign the agreement because of a dispute over a clause relating to unlimited liability. While the RIL-RNRL court case is being heard on a fast-track basis, the NTPC-RIL case has not even come up for hearing. The dispute relates to RIL’s liability if it fails to supply gas to NTPC. NTPC has requested the court to expedite the hearing of its case. Thanx Varma.B ...

When next Judgment date for RIl-RNRL case............Plzzzzzzzzzz...