In what could be a severe blow to Anil Ambani group seeking cheap
gas from elder brother Mukesh-led RIL, the Supreme Court ruled that the
government has the last word on pricing and utilisation of national
asset. And the Supreme Court ordered the feuding brothers to
renegotiate the gas contract between Reliance Industries and Reliance
Natural.
Indian billionaire Anil Ambani, right, waits at the
gate of the Supreme Court as he enters to hear the verdict on a closely
watched case against his elder brother Mukesh Ambani over the price of
natural gas from India's largest known deposit in New Delhi, India,
Friday, May 7, 2010. Shares of Reliance Industries shot up after
reports that the court ruled in its favor Friday in the long-running
family feud. (AP Photo/Saurabh Das)
Monday, May 10, 2010
KUTOKA UDOSINI-INDIA- Indian billionaire Anil Ambani
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Monday, May 10, 2010
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