After Anil fire,Govt to revise plea; focus on gas,not family pact

Without interfering in Anil Ambanis corporate dispute with brother Mukesh,the amended SLP will harp on Article 1.8 of the PSC (Production Sharing Contract) on Arms Length Prices where market prices are arrived at through open market sale between willing and unrelated sellers and buyers and in which such buyers and sellers have no contractual or other relationship directly or indirectly.

Anil Ambani,at an annual general meeting of Reliance Natural Resources Ltd yesterday,alleged that Deoras ministry played an apparently biased and partisan role citing media reports that a government counsel had also suggested that the ministry restrict its SLP to the gas supply contract.

Additonal Solicitor General Mohan Parasaran explained to the Law Ministry last week that he was of the view that the government should confine itself to the grievances as an aggrieved party arising out of the judgement of the Mumbai High Court and even the challenge to the MoU could only be in so far as the gas sale agreement and not to other matters.

Anil Ambani has sought annulment of the production sharing contract which Mukeshs Reliance Industries Ltd signed with the government for violating the PSC terms by pledging the gas in a property divide.