RNRL counsel demands for cross examination of Shri Murli Deora – Minister of Petroleum and Natural Gas and Shri RS Pandey, Secretary, Ministry of Petroleum and Natural Gas

· Gas Supply Agreement worth Rs. 100,000 crore approved in five minutes

· Mukesh Ambani produced and approved Gas Supply Agreement in five minutes

· Mukesh Ambani signed the agreement from both sides

· Change of control of management to Anil Ambani is fundamental and pre requisite to the demerger scheme

· Government counsel admits delay in filing affidavits as it involves approval of three ministries

1. RIL hurriedly convened a Board Meeting of RNRL on 11 Jan 2006 to consider and approve various agreements with RNRL including Gas Supply Agreement

2. The notice of meeting was sent just a day prior to the meeting i.e. on 10 Jan 06

3. Agenda proposed approval of agreements without circulating the draft of those agreements. On request The draft of the agreements were sent to ADAG few hours before the meeting at near midnight of 10 Jan 06

4. 12 Jan 06 agreement is:

a. “Suitable” only to Mukesh Ambani

b. Not the right arrangement under the scheme approved by the Bombay High Court

5. The Board meeting commenced at 7:30 pm and concluded in five minutes at 7.35 pm approving all agreements

6. Mukesh Ambani produced and approved Gas Supply Agreement within 5 min and signed the agreement from both sides

7. Both Single Judge & Division Bench had held that 12 Jan 2006 agreement was unjust, unfair and breach of Scheme

8. Gas Supply Agreement worth Rs. 100,000 crore approved in five minutes. Mukesh Ambani produced and approved Gas Supply Agreement in five minutes

9. RNRL as resulting company came into existence only after shares were issued (27 Jan 2006) and management was transferred (7 Feb 2006). Gas supply agreement was signed much earlier than 12 Jan 2006

10. RIL’s role as owner or in management of RNRL was only as a “TRUSTEE” for Anil Ambani Group*

11. Shri Chalsani’s objections were summarily rejected

12. Shri Chalsani wrote a detailed letter on 12 Jan 2006 outlining how the Board resolution was illegal, and void and not in accordance with the scheme approved by the Bombay High Court

13. Change of control of management to Anil D Ambani is fundamental and pre requisite of the scheme

14. Gas Supply Agreement should have been entered into after such change of control is implemented

15. RNRL letter of 28 Feb 2006 asked RIL to amend the one-sided agreement signed on 12 Jan 2006 to bring it in line with the MoU

16. Government became a party for the first time in Supreme Court. Therefore they should come with clean hands and are subject to discovery & inspection of all documents

17. RNRL is not challenging Government policies but only its affect on our rights in the case & which are being used by RIL as defense to deny us gas

18. Price at which gas is to be supplied by RIL to RNRL does not need government approval under PSC

19. It is within the courts power to interpret a government policy if its related to the matter

20. Government is denying us valid documents that indicate the valid questions raised for consideration of EGoM

21. Government has still not finalized its affidavit as required by the 3 Judge Bench of Supreme Court

22. Government counsel admits delay in filing affidavits as it involves approval of three ministries

23. Supreme Court directs the Government Counsel to file the affidavit

24. RNRL counsel demands for cross examination of Shri Murli Deora – Minister of Petroleum and Natural Gas and Shri RS Pandey, Secretary, Ministry of Petroleum and Natural Gas