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No cheap gas for Anil Ambani group, govt has last word: SC.

Statesman (India)

| May 07, 2010 | COPYRIGHT 1999 The Statesman (English). (Hide copyright information)Copyright

No cheap gas for Anil Ambani group, govt has last word: SC Press Trust of India NEW DELHI, 7 MAY: In what could be a severe blow to Anil Ambani group seeking cheap gas from elder brother Mukesh- led RIL, the Supreme Court today ruled that the government had the last word on pricing and utilisation of the national asset. Giving its verdict on the four-year-old Ambani battle that was intertwined with a bitter public wrangling, a three-judge Bench of the court headed by Chief Justice Mr KG Balakrishnan said the Ambani family MoU dividing the gas was not binding, both legally as well as technically. ADAG Chairman Anil Ambani today said his group had no immediate plans to seek review of the …

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