Ambani’s Reliance fine by SC? Company clears the air

Benchmarks Nifty24,154.90-132.75FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return23.3 % Invest NowEnter search text:HomeETPrimeMarketsMarket DataNewsIndustrySMEPoliticsWealthMFTechAICareersOpinionNRIPanacheThe Economic Times daily newspaper is available online now. Read Today's Paper Reliance Industries says Rs 10 lakh Supreme Court order in NTPC gas case was ‘costs’, not fineSECTIONSReliance Industries says Rs 10 lakh Supreme Court order in NTPC gas case was…

CrimeNews Info Wire2 min read
Ambani’s Reliance fine by SC? Company clears the air
Benchmarks
Nifty24,154.90-132.75
FEATURED FUNDS

★★★★★
Motilal Oswal Midcap Fund Direct-Growth
5Y Return
23.3 %
Invest Now
Enter search text:

Home
ETPrime
Markets
Market Data
News
Industry
SME
Politics
Wealth
MF
Tech
AI
Careers
Opinion
NRI
Panache
The Economic Times daily newspaper is available online now.
Read Today’s Paper

Reliance Industries says Rs 10 lakh Supreme Court order in NTPC gas case was ‘costs’, not fine

SECTIONS
Reliance Industries says Rs 10 lakh Supreme Court order in NTPC gas case was ‘costs’, not fine
Follow us
Font Size

AbcSmall
AbcMedium
AbcLarge
Save
Print
Synopsis

Reliance Industries on Tuesday clarified to stock exchanges that the Supreme Court did not impose a Rs 10 lakh fine or penalty on the company in the NTPC gas supply case. RIL said the amount ordered by the court was costs payable to the Supreme Court Advocates-on-Record Association and did not require disclosure.

Agencies

Reliance Industries said the Supreme Court’s ₹10 lakh order in the NTPC gas case was costs payable to the Supreme Court Advocates-on-Record Association, not a fine or penalty.

Reliance Industries on Tuesday clarified to stock exchanges that the Supreme Court did not impose a fine or penalty of Rs 10 lakh on the company in a dispute involving gas supplies to NTPC.

The firm stated the Rs 10 lakh amount ordered by the Supreme Court was “costs” payable by Reliance Industries Ltd (RIL) to the Supreme Court Advocates-on-Record Association, and not a fine or penalty levied on the business.

RIL was responding to a letter/email dated August 17 from the stock exchanges seeking clarification on the news report, “SC slaps Rs 10 lakh fine on Reliance Industries for delaying NTPC gas supply suit”.

Add Now!
Reliance IndustriesSupreme CourtNTPC gas caseRs 10 lakhgas supplieslegal clarificationCourt costsstock exchangespenaltydispute resolution

(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)

(You can now subscribe to our Economic Times WhatsApp channel)
Reliance IndustriesSupreme CourtNTPC gas caseRs 10 lakhgas supplieslegal clarificationCourt costsstock exchangespenaltydispute resolution
Enter search text:

Related stories

Leave a Reply

Your email address will not be published. Required fields are marked *