RIL-RNRL Case Verdict Judgment Today

RIL (Reliance Industries Limited) versus RNRL (Reliance Natural Resources Limited) case end this week as the Supreme Court goes ahead to declare its decision for the case. The Supreme Court on Friday ruled 2:1 in favour of Reliance Industries in the RIL-RNRL. The Supreme Court verdict saying the government stand that gas belongs to the nation has been vindicated.

Oil Minister Murli Deora said: "SC verdict upholds the fact that gas belongs to the government and the people of the country and that is what we have been saying." The Indain Supreme court said that the Ambani family seeking to divide gas between RIL and RNRL was not binding, both legally and technically.

Source : http://www.monkeydollars.net