March 30, 2015 8:37 PM

printer

CAG report on KG basin gas exploration: SC asks RIL to reply in 4 weeks over

The Supreme Court today gave four more weeks to Mukesh Ambani's Reliance Industries Ltd (RIL) and others to respond to the final CAG report which found alleged irregularities, including in payments to contractors on drilling of D6 wells at the Krishna-Godavari basin. The apex court posted the matter for hearing on May 5 when it would decide the time likely to be given to each party in the matter to put forward their arguments. On January 6, the court had asked all the parties to complete their replies within six weeks. A bench comprising justices T S Thakur, J Chelameswar and Kurian Joseph would examine the RIL's response to the CAG report that had sought disallowance of about two thousand crore rupees expenditure RIL had incurred on drilling of wells and payments to contractors in KG-D6. The order was passed during a hearing of petitions filed in 2013 by CPI leader Gurudas Dasgupta and NGO Common Cause, challenging the erstwhile UPA government's decision to double the price of natural gas from 4.2 US dollar to 8.4 US dollar per MMBTU and seeking cancellation of RIL's contract for exploration of oil and gas from the KG basin

Most Read
View All arrow-right

No posts found.