Mukesh Ambani controlled Reliance Industries (RIL) fears that gas supplied to Reliance Natural Resources (RNRL), belonging to younger brother Anil Ambani, would be traded to a third party as RNRL does not have a power plant, said Harish Salve, the legal counsel of RIL.
Appearing before a Bombay High Court division bench comprising Justice J N Patel and K K Tated, Salve said the sale price of $2.34 a million British thermal unit for 28 million cubic metres of gas is not viable and RIL cannot sell it cheap to an ADAG company.
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