Sunil Goel's Blog: Supreme Court rejects petition of Reliance Natural Resources Ltd. in Ambani brothers dispute over gas from KG Basin

Mr. Sunil Goel is a lawyer, academician, speaker and author based in New Delhi, India. He holds a Masters degree in law. He is licensed to practice in India and is practicing in law courts for last more than 13 years. He is empanelled with prestigious professional bodies like World Intellectual Property Organisation (Geneva), HongKong International Arbitration Centre, Kuala Lumpur Regional Centre for Arbitration, Mauritius Arbitration Centre, Indian Council of Arbitration, Cepani-40 Belgian Arbitration & Mediation Centre. He has been Government Pleader for Government of India. He is the owner of law firm S.G.Solicitors. He is the author of book titled “COURTS POLICE AUTHORITIES & COMMON MAN” which has been appreciated by Hon’ble President, Vice-President and Prime Minister of India. The book deals with Indian justice legal system, judiciary, Judges, Advocates, Police, in simple language. The book is available on www.googlebooks.com for free download. The forthcoming book from him is ‘COURTS & BOLLYWOOD’ which is an interesting collection of cases relating to Bollywood and Bollywood film stars. For more details, log on to www.sgsolicitors.com. In this blog, he periodically posts interesting news from legal arena, mainly involving Indian film artists (Bollywood). If you find any post interesting or informative, do not forget to mention so to the author.

Thursday, May 6, 2010

Supreme Court rejects petition of Reliance Natural Resources Ltd. in Ambani brothers dispute over gas from KG Basin

Supreme Court of India today on 7.5.2010 pronounced judgment in the much awaited Reliance case titled as "Reliance Natural Resources Ltd. vs Reliance Industries Ltd. and others" SLP (Civil) No. 14997/2009 (the arguments in this case were over and matter was reserved for orders on 18.12.2009). The Supreme Court ostensibly rejected the petition of Anil Ambani led Reliance Natural Resources Ltd. petition and upheld the order of Bombay High Court. The Court held that family MoU is not binding and directed RIL and RNRL to renegotiate Production Sharing Contract (PSC) within 6 weeks and to submited the renegotiated contract to the Company Court.
For the text of the judgment, you may kindly email me at sg@sgsolicitors.com