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NTPC moves to SC challenging Bombay HC’s verdict on RIL gas dispute Read more: http://www.stockwatch.in/ntpc-moves-sc-challenging-bombay-hc-s-verdict

06 September 2009

Power PSU NTPC has moved to Supreme Court challenging Bombay High Court’s verdict on RIL gas dispute.

In its decision, the Bombay HC had permitted Reliance Industries (RIL) to amend its petition on the gas dispute citing government's pricing policy. A Bombay High Court's division bench had allowed RIL to have changes in its petition in the KG basin gas case midway.

NTPC was fighting the court case against RIL in the Bombay HC from December 2005. The power firm has claimed that the HC judgment favored RIL.

Mr. Veerappa Moily, the Union Law Minister said that the power firm was free to move SC in this regard.

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