Ambani vs. Ambani: All eyes and ears on the Supreme Court as legal heavyweights begin the battle

News reports indicate that the value of the dispute is between $17 Billion (Rs. 81,600 Crores) to $75 Billion (Rs. 3,60,000 Crores). Numerically, the value of the dispute would look like this: Rs. 36,00,00,00,00,000. This is by far one of the biggest corporate disputes in the world, not just in India. The matter was heard by the Supreme Court on Tuesday and is scheduled to be heard again today. The Dispute: The Anil Ambani-controlled Reliance Natural Resources Limited (RNRL) is seeking a supply of gas from the D6 block in the Krishna-Godavari eastern offshore fields of the Mukesh Ambani-controlled Reliance Industries Limited (RIL) at price of $2.34 (Rs. 112) per MMBTU (Million Metric British Thermal Units). RIL has rejected the demand on the ground that the Government approved rate is $4.2 (Rs. 201) per MMBTU.

Ambani vs. Ambani: All eyes and ears on the Supreme Court as legal heavyweights begin the battle barandbench.com Thu, Oct 22, 2009