Entering A Crucial Phase

<?xml version="1.0" encoding="UTF-8"?><root available-locales="en_US," default-locale="en_US"><static-content language-id="en_US"><![CDATA[<p><p align="justify"><span class='dropthecap'>T</span>he fight between the ambani brothers over the price for gas has entered a decisive phase with the Supreme Court set to hear pleas of all stakeholders on 1 September.</p><p align="justify">The feud is over supply of gas to Anil Ambani's power projects from KG Basin held by his elder brother Mukesh Ambani at a price agreed in the family agreement or as per the market price. More than five years have passed and legal eagles on both sides are trying to push the case to get a favourable judgement. While the counsels for Anil Ambani got it from Bombay High Court, Mukesh Ambani's legal team is hoping to get a favourable ruling from the Supreme Court. The government's stand is that corporates have no stake on gas, which is a national asset and is owned by the government.<br /><br /><img style="width: 250px; height: 250px" src="http://www.businessworld.in/bw/image/Business/EnergyAndPower/reliance-graphic-popup.jpg" alt="Click here to view enlarged image" title="Click here to view enlarged image" width="250" height="250" align="right" /></p> <script type="text/javascript"> var intro = jQuery.trim(jQuery('#commenth4').text()) var page = jQuery.trim(jQuery('#storyPage').text()) if (page.indexOf(intro) < 0) { jQuery('#commenth4').attr('style', 'display:block;') } </script> (This story was published in Businessworld Issue Dated 03-08-2009)