Read
Listen
Watch
Play
Find
Mail
  • Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos

Oil Min aims to resolve RIL, RNRL dispute: Srcs

Published on Wed, Jul 23, 2008 at 16:48 , Updated at Thu, Jul 24, 2008 at 11:21
Source : CNBC-TV18

Email    Print    Watch Video

ads by google

By Nayantara Rai and Ashwin Mohan, CNBC-TV18:

 

The Oil Ministry said it aims to have the RIL and RNRL matter settled one way or the other, sources said. They added that the ministry has submitted an application to the Bombay High Court to become a party to the case. "There would be no need to file a rejoinder. The court would decide if the government could be party to case," sources added.

 

On day two of the RIL-RNRL KG Basin case, it looks like there has finally been some concrete direction to the legal proceedings. From tomorrow onwards, the case will be heard between 12 to 2 pm under a new bench comprising Justice JN Patel and Justice KK Tated.

 

Since yesterday, there has been a great deal of uncertainty about timings and the bench under which this case will operate. Consequently, it also came up for mentioning before the Chief Justice today.

 

The Court proceedings were really interesting today. RNRL Counsel Mukul Rohtagi was pushing for a slot for next week. While on the other hand, RIL council Harish Salve did not wish to miss even a single day’s argument. The government wishes to be a rightful party to the proceedings of this case. But, according to sources, the government is not wiling to file any rejoinder currently.

 

CNBC-TV18 Disclaimer

This information has not been provided to the stock exchanges, and is source-based.

Messages on Business Talk

Post a comment

Other comments

Industry body can resolve RIL-RNRL tussle: Bombay HC

RIL should honour the committment made to RNRL at the time of division of businesses during their family settlement...

in Business Talk - A K Mehta at 06-Oct-08 01:17

Industry body can resolve RIL-RNRL tussle: Bombay HC

On the RIL-RNRL KG basin gas tussle, the RIL counsel said that since the suit is on the Memorandum of Understanding...

in Business Talk - MMB Messenger at 06-Oct-08 12:59

More on Messageboard »

Rate this article

Feedback

CNBC TV18 CNN IBN CNBC Awaaz IBN 7 IBN LOKMAT

Chat

Ramesh Damani

Member BSE ,

(07 Oct- 16:30hrs)

What's good investment now?  

Upcoming Chat Schedule »

Previous Chat Transcripts »

Poll

At what Nifty level will you invest fresh money?

3600 3500
3400  

Newsletter

Keep in touch with News day & night. Subscribe to:

Mobile Services

Want us to track your stocks 24x7?

Subscribe to our Stock Messaging System

Get news on the move SMS to 52622

  • SMS M for Market News
  • SMS B for Latest Business News
  • SMS S (stock name) for latest news