The Hindu Business Line : Gas row: RNRL willing to place family MoU in court

Mumbai, Sept. 2 Senior Counsel for RNRL, Mr Ram Jethmalani, told the Bombay High Court on Tuesday that the Anil Ambani Group company was willing to place before the court the relevant portions of the family Memorandum of Understanding between the Ambani brothers relating to supply of natural gas.

The MoU is the primary document, based on which the Reliance empire was split. Till date, the document has not been placed before the court in the ongoing case by either RIL or RNRL.

Counsel for RIL, Mr Milind Sathe, objecting to the RNRL move, said that when the case was being heard by the single Bench, RNRL did not place the MoU before the court. Now that the matter is before the High Court, RNRL should make a fresh application before the court to place the MoU.

Mr Sathe said that RNRL must substantiate why the MoU was not produced before the single Bench.

The RIL stand is that the MoU exists but it is not binding on the company.

Responding to the RIL counsel’s argument, Mr Jethmalani said that RNRL had sought consent on the issue in order to place the MoU document before the court, but RIL never agreed to it.

Now, RIL is putting forth technicalities in the case to defeat justice. The original MoU is not with RNRL but with the RIL’s lawyer, Mr Cyril Shroff, he said.

The case will come up for hearing on September 30 when the court will consider whether the MoU document can be admissible in the case.

Related Stories:
Ambanis case: MoU stays bone of contention
Gas supply row: Possibility of Ambani brothers meeting emerges
Ambani split: ‘Onus on RNRL to make MoU public’

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