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RIL Vs RNRL Judgement – Live Coverage

May 7, 2010

T Sathasivam
MoU is not Legally Binding, However it can be interpreted accordingly. Government Owns the Gas till it reaches the consumer.

RIL and RNRL to renegotiate production Sharing Contract within 6 weeks. Submit it to Company’s Court and the court must come out with an order within 8 weeks.

Other Two Justices are yet to rule as it was 3 bench.Guess it was final verdict as it was signed by Chief Justice K G Balakrishnan.

Renegotiate within the Ambit of the Government Policy says the Judgment.
Our Comment:The Oil and Petroleum ministry is in the pockets of Mukesh Ambani and it is unlikely that Anil Ambani will get justice he is seeking.

Markets Sell off Reliance ADAG Group Stocks

Supreme Court 3 Judge Bench rule 2:1 in Favor of RIL & Mukesh Ambani.

ADAG Group Stocks Hammered Badly on Stock Exchanges

Comments

One Response to “RIL Vs RNRL Judgement – Live Coverage”

  1. Implications of RIL RNRL Case VErdict | Dalal Street on May 7th, 2010 12:53 PM

    […] believe that the verdict gives a tacit indication for selling of the gas at $4.2/mmbtu. The verdict was in contrast to the […]

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