Take mom's advice on GSMA: HC to Ambani brothers
Published on Fri, Aug 22, 2008 at 12:59, Updated on Fri, Aug 22, 2008 at 13:19 in Business section
Tags: Bombay High Court, Anil Ambani , Mumbai

FOR THE GREATER GOOD: The court thinks the economy will be effected adversely the more the issue is dragged.
Mumbai: The Bombay High Court has told the warring Ambani brothers - who are fighting over gas supply this time - to go to their mother Kokilaben to settle their dispute. The court said a quick settlement is in the best interests of the country.
"Why can't the two brothers go back to the mother and discuss the issue?" asked a Division Bench of Justices J N Patel and K K Tated, which is hearing the case.
On Friday, Justice Patel said: "No amount of litigation would put an end to the dispute," and suggested that perhaps both the brothers can sit together with their mother and find a solution.
"If these two big industries keep fighting, it may affect the economy," the judge said.
Earlier, a single judge of High Court has asked the parties to renegotiate the disputed GSMA but it did not work out.
The dispute between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Anil Ambani-led Reliance Natural Resources Ltd (RNRL) -- over gas supply from the Krishna-Godavari basin to RNRL's power plants -- might affect the economy adversely.
While Anil's lawyer welcomed the idea, RIL lawyers said they are awaiting instructions from Mukesh's side.
RNRL's lawyer Mukesh Rohatgi said, "He (Anil) is ready to meet Mukesh anytime, any place."
However, RIL lawyer Milind Sathe said he would seek instructions but said that despite the earlier judge's direction to sit together and renegotiate GSMA, it did not happen. "That was the end of the matter".
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