Posted on : 10-11-2009 | By : admin
Reliance Industries
(RIL) on Tuesday told the Supreme Court that its chairman, Mukesh Ambani, had signed a memorandum of understanding (MoU) containing provisions promising supply of natural gas to the Anil Ambani Group in his personal capacity. The company’s board of directors had not seen the MoU and had not approved it, an affidavit filed by RIL claimed, an assertion backed by seven company directors who filed separate written statements.
The affidavit goes on to say the provisions of the MoU were not binding on RIL. Mukesh Ambani’s firm sought permission of the court to place the minutes of two board meetings of August 2, 2005, and August 5, 2005, on record to support this claim.
According to the MoU signed in 2005, as part of a settlement dividing the Reliance empire, RIL is to supply 28 million standard cubic metres per day (mmscmd) of gas to RNRL at $2.34 per million British thermal unit (mmBtu). This price is at a 44% discount to the price of $4.20 per mmBtu fixed later by the government for sale of gas by RIL to some power and fertiliser companies. RNRL says it has a binding contract for supply of gas at a price of $2.34. RNRL officials said they would not be able to comment as the matter was sub-judice.
The point about the Ambani family members signing the family MoU in their personal capacity is only one among a litany of arguments put forth by RIL in response to a special leave petition filed by RNRL in the Supreme Court.
RIL also moved a separate application in the apex court on Tuesday to place on record the ‘Listing Particulars’ dated August 23, 2006, of RNRL’s Global Depository Receipts (GDR) which are listed in the Luxembourg Stock Exchange.
RIL said the information contained in the ‘listing particulars’ strengthened its case in the dispute with RNRL over supply of KG gas. “RNRL has sought to create an impression in the SLP — in the apex court on supply of KG gas from RIL at discounted price — that the benefits of the lower gas price will be passed on by RNRL to the consumers of electricity, i.e. the common man. But the contents of the listing particulars reveal that RNRL will sell the gas to its affiliated power companies at prevailing market price,” said RIL, in its application.
“At such market price of gas in India, RNRL would make a windfall trading profit exceeding Rs 21,000 crore per year aggregating to an astronomical amount of Rs 3,50,000 crore over 17 years without RNRL making any investments whatsoever,” the affidavit alleged. “If RNRL’s demands were granted, the government would lose large sums of money in profit sharing, royalties and taxes. RNRL would reap a windfall at the expense of the government and RIL and its shareholders,” said RIL in the affidavit.
RIL also said it is merely a contractor and bound by the government’s policy on gas and it thus could not sell gas to RNRL at $2.34. “Marketing freedom under the PSC (Production Sharing Contract) is not absolute, but rather circumscribed by the provisions of the PSC and the policies and directions of the government,” said RIL in its affidavit. It added that “what RNRL demands in this case is contrary to the provisions of the production Sharing Contract — PSC entered into between the Union of India and RIL — and the gas utilisation policy promulgated and the consequent directives of the Government of India”.
It further said, “RNRL seeks to obtain a lion’s share of the KGD6 gas despite the fact that it has not built a single power plant since the de-merger and the ADAG Group owns just one gas plant which consumes a minuscule quantity of gas”.
The apex court is scheduled to take up the issue on October 20. The ministry of petroleum and natural gas had moved the apex court seeking quashing of a Bombay High Court order directing RIL to supply gas to RNRL at $2.34 per mmBtu. RIL had also moved the Supreme Court challenging the Bombay High Court order that asked it to supply 28 mmscmd of gas to RNRL at $2.34 per mmbtu.
RNRL, on the other hand, approached the apex court against a part of the Bombay High Court judgment. RNRL had said the high court while directing that the Gas Supply Agreement ought to be amended should have given final and effective directions for amendment of such agreement to make it bankable.
Source: ET
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いっぱい買って、ストレス発散してきてください!!!
yes I think! x
I’m the same with my shoes and they last for years. I have such a difficult time finding the right size in the UK. Everything is too wide. In the USA, I am juuust right. In Spain and Italy, I am tooo big! When I find a pair that I like (meaning that fit), I buy two, in different colours. I just spent what it would cost to buy a new pair of shoes on reheeling my shoes and boots, but it is worth it for something you love. I recently had to consign a pair to the bin as they were beyond repair. The memories! Isn’t it amazing that we can remember when we bought a pair of shoes but not what we had for dinner a few nights ago?Don’t forget to pack some warm and waterproof boots, though those German winters may seem mild to what you get in Montreal. And don’t forget a few pairs of dancing shoes!!!A xxx
Hello JanI find myself so often going back to Gen ch 10,11,12. Gen ch 10 tells us the three generations are each of their own–every one after his tongue, after their families, in their nations.after his TONGUEH3960A primitive root; properly to lick; but used only as a denominative from 3956 to wag the tongue, that is, to calumniate: - accuse, slander.H3956From 3960 the tongue (of man or animals), used literally (as the instrument of licking, eating, or speech), and figuratively (speech, an ingot, a fork of flame, a cove of water): — +((( babbler, bay, + evil speaker, language, talker, tongue, wedge))).These accusers or babblers of 3 different tongues were to come together in Gen ch 11 as ONE LANGUAGE. The word tongue is different than the word language. Now fast forward to verse 32.Gen CH 10-32 These are the families of the sons of Noah, after their generations, in their nations: (((and by these were the nations divided in the earth after the flood))). It tells us in verses 9,10 of Nimrod who the mighty hunter began to gather his kingdom. (beast)9 He was a mighty hunter before the LORD: wherefore it is said, Even as Nimrod the mighty hunter before the LORD.10 And the beginning of his kingdom was Babel, and Erech, and Accad, and Calneh, in the land of Shinar.BABELH894From 1101 confusion; Babel ERECHH748A primitive root; to be (causatively make) long (literally or figuratively): - defer, draw out, lengthen, (be, become, make, pro-) long, + (out-, over-) live, tarry (long).ACCADH390From an unused root probably meaning to strengthen; a fortressCALNEHH3641Of foreign derivation; Calneh or Calno, a place in the Assyrian empire: I in some ways I see this as the four corners of the earth in that time period, which was approx 250 yrs after the flood. Or as in today’s BABEL (state of confusion) in the whole world which is uniting and coming under one umbrella of the elite. This being a spiritual antichrist gathering on a spiritual plain of Shinar.I equate Nimrod with the ELITE of today’s world. Or as Gen ch 6 says; “giants, or mighty men of renown”. Nimrod is a recapitulation of Gen ch 6 in many ways, but in this episode GOD confounds THEIR UNITY and SCATTERS them, rather than destroying them. For if not they would be able to do all of their imagination. Just as they did in Gen.ch 6-5- where mans imagination becomes ONLY continually evil.GEN CH 111 And the (((whole earth))) was of (((one language))), and of (((one speech))).2 And it came to pass, as they journeyed from the east, that they found a plain in the land of Shinar; and they dwelt there.3 And they said one to another, Go to, let us make brick, and burn them thoroughly. And they had brick for stone, and slime had they for morter.4 And they said, Go to, let us build us a city and a tower, whose top may reach unto heaven; and (((let us make us a name))), (((lest we be scattered))) abroad upon the face of the whole earth.5 And the LORD came down to see the city and the tower, which the children of men builded.6 And the LORD said, Behold, the people is one, and they have all one language; and this they begin to do: (((and now nothing will be restrained from them, which they have imagined to do))).7 Go to, let us go down, and there confound their language, that they may not understand one another’s speech.8 So the LORD scattered them abroad from thence upon the face of all the earth: and they left off to build the city.9 Therefore is the name of it called Babel; because the LORD did there confound the language of all the earth: and from thence did the LORD scatter them abroad upon the face of all the earth.10 These are the generations of Shem: Shem was an hundred years old, and begat Arphaxad two years after the flood:Verse 1 tells us they were all of one language, and of one speech. I equate this with the concept of being spiritually of one mind of the antichrist system. They have forsaken God the fountains of living waters “IE”(the spirit of antichrist).This Satanic one mind spiritual formula is in complete opposition to “LET THIS MIND OF CHRIST JESUS BE IN YOU” Which is in-turn, is our spiritual joining together in one mind with the Father, the Son, the Holy Spirit, as the body of Christ in one perfect unison, or oneness in a PURE LANGUAGE by following the LORD.Zephaniah 3:9 (((For then will I turn to the people a pure language))), that they may all call upon the name of the LORD, to serve him with one consent.LANGUAGEH8193(The second form is in dual and plural); Probably from 5595 or 8192 through the idea of termination (compare 5490 ; the lip (as a natural boundary); by implication language; by analogy a margin (of a vessel, water, cloth, etc.): - band, bank, binding, border, brim, brink, edge, language, lip, prating, ([sea-]) shore, side, speech, talk, [vain] words.SPEECHH1697From 1696 a word; by implication a matter (as spoken of) of thing; adverbially a cause: - act, advice, affair, answer, X any such (thing), + because of, book, business, care, case, cause, certain rate, + chronicles, commandment, X commune (-ication), + concern [-ing], + confer, counsel, + dearth, decree, deed, X disease, due, duty, effect, + eloquent, errand, [evil favoured-] ness, + glory, + harm, hurt, + iniquity, + judgment, language, + lying, manner, matter, message, [no] thing, oracle, X ought, X parts, + pertaining, + please, portion, + power, promise, provision, purpose, question, rate, reason, report, request, X (as hast) said, sake, saying, sentence, + sign, + so, some [uncleanness], somewhat to say, + song, speech, X spoken, talk, task, + that, X there done, thing (concerning), thought, + thus, tidings, what [-soever], + wherewith, which, word, work.GEN CH 11-4 And they said, Go to, let us build us a city and a tower, whose top may reach unto heaven; and let us make us a name, lest we be scattered abroad upon the face of the whole earth.“Let us make us a name” is the spiritual gathering of man in the HIVE MIND SET. For in his mind, which is consumed by one language in opposition to the LORD, he is afraid that he will be scattered or separated from the protection of the HIVE. This is mans BIGGEST FEAR. We on the other hand are the remnant, who are called out from the HIVE, and are in oneness with Jesus Christ in the wilderness. One has to be away from the HIVE in order to fully view it in its complete perspective. Thus the members of the HIVE cannot see the forest through the trees so to speak. This is the blind leading the blind into a ditch. The flesh is their GLASS DARKLY.In my understanding here in this chapter it appears that the appointed seed of Shem #11 and his generations which lead up to Abraham seed #20, were separate from this beast system of Nimrod. These were the remnant of that time period. This scattering or dividing of the people took place during the time of Peleg, the #15 seed. He was the half way marker between Noah and Abraham. Peleg, meaning to DIVIDE. Also the Continent’s were dividing and becoming separated by the oceans during this same time period.In this study I came across the Name Havilah twice in CH 10, which took me back to Gen ch 2 where Havilah is first mentioned. This was very intriguing and I will soon post what I found there. A small note;; the word antichrist in all the new bibles including the NKJV is spelled with a capitol (A) which makes it a proper noun. This is a subtle shift back to the flesh as they are trying to instill in the minds of the multitude that the antichrist is in fact a Individual man. As webeing the children of the light already know that these many evil men are just filled with the spirit of antichrist, and are components for the works of the devil, which is the mind of Satan.God BlessBill
I agree with putting "Freelance _______" whatever it is you do. Unless this is for a personal thing, then just don't worry about putting in company details. You shouldn't need to.
oh, and tell your Aunt Vickie that you have better things to do. Like pass gas.
Interesting that this actual results in swallowed binding errors.
Binding: destString = textInput2.text, srcFunc result =
Binding: destString = textInput2.text, error = TypeError: Error #1009: Cannot access a property or method of a null object reference.
Binding: destString = textInput2.text, srcFunc result =
Binding: destString = textInput2.text, error = TypeError: Error #1009: Cannot access a property or method of a null object reference.
Binding: destString = textInput2.text, srcFunc result =
Binding: destString = textInput2.text, srcFunc result =
Does not sound like fun.
I don't know how the minister who allocates this subsidy burden thinks and how he allocates the subsidy burden across various players. If HPCL starts making profit in gas, exports, retail etc, then maybe the government will also ask it to carry a higher subsidy burden. My guess is that RIL and ONGC have more political muscle than HPCL. This is a multibagger stock - I agree. Question is - how long will it take to get that return - 3 years, 5 years, 10 years?.
And doesn't it sound heretic to say that JPII is an apostate? Nonsense, real nonsense… It sounds very heretic to me… And you think that Holy See is still in the state of “sede vacante” since the death of John XXIII? Pure heresy
Nice! My company is sorely lacking in creativity.