The drama in the Reliance Industries Limited-Reliance Natural Resources Limited dispute was heightened with the presence of Anil Ambani [pictured] in the Supreme Court..After conveying to the media that his presence reflected his deepest regard for the judiciary, he added, “I have come here today not just on my own behalf but on behalf of nearly 11 million shareholders of the Reliance ADAG – the largest shareholding family in the world, whose interests will be directly affected by the outcome of this case.” Forbes India ranked Anil Ambani as the third richest man in India after brother Mukesh Ambani and steel magnate Lakshmi Nivas Mittal..Senior Counsel Ram Jethmalani, continuing his arguments on behalf of RNRL, argued that there was no ambiguity in the agreed price, tenure and quantity of natural gas to be supplied by RIL. “The only issue in the case is the absence of a bankable agreement,” he added..After relying upon various documentation, Jethmalani demanded that RIL director, P. Ganguly, be prosecuted for filing a wrong affidavit denying the knowledge of the family pact.
