Google

Blog Archive

Thursday, June 12, 2008

APTEL directs PNGRB to decide on Reliance


Energy tribunal APTEL has directed the Petroleum and Natural Gas
Regulatory Board (PNGRB) to take a decision "as early as possible" on
Reliance Fuel Resources's application for licence to lay pipeline from
Krishna-Godavari Basin to its planned power plant in Dadri.



Tribunal's direction came after the petroleum regulator headed by
Lalit Mansingh submitted that the applications submitted by the
Reliance Fuel Resources, a Anil Ambani Group company, was still valid
as the Officer on Special Duty who signed the letter asking the
company to apply afresh was not actually authorised to do so.


PNGRB's counsels appearing before the Appellate Tribunal for
Electricity (APTEL) submitted that OSD Ramesh Samtani who returned the
application of RFRL was not actually authorised for it.


They further submitted that the regulator did not own the rejection
letter directing Reliance to apply afresh and hence it was not a
decision taken by regulator.


In the letter dated December 10, 2007, OSD had directed RFRL to apply
afresh for a licence to lay a pipeline from Kakinada to Dadri as there
were no guidelines existing at that time. It asked the company to
apply in compliance with new regulations which were to be
framed.


The APTEL bench comprising Justice Manju Goel and M B Lal said, "the
only interpretation of this statement that these three letters 'non
est' (not my deed) in the eyes of law, and as a consequence there is
no obligation but to say that application made before PNGRB are still
pending," said .


The bench also directed the board to take decision on RFRL application
soon.


Unlimited freedom, unlimited storage. Get it now

No comments:

Sify.com - News

NDTV - Business News

Moneycontrol - Buzzing Stocks

Moneycontrol Top Headlines

News Flash from IndiaEarnings

Saraswat Bk seeks RBI nod to acquire ailing South Ind Co Bk
Telekom Malaysia to pick up addl 15% stake in Idea: Srcs
Hind Rectifiers brd meet on June 24 to consider bonus issue
Inflation will touch double digit mark next week: I-Sec
NY Times in talks to buy 5% stake in Deccan Chron Arm
Inflation for wk ended Apr5 revised to 7.71% vs 7.14%earlier
Inflation for week ended May 31 at 8.75% vs 8.24%
Indian economy won't be as badly hit as the global eco:DCB
Over a period of time mkt may drift down to 4060 :Atul Suri
Shriram Cap likely seller in Shriram City Un Fin block deal
Shriram City Union Fin changes 12.2% Eq via block deal
No big rally in mkt till oil pices cool off: Lehman Bros
BoJ keeps key interest rate unchanged at 0.5%
J&K Bank raises Prime Lending Rates by 100 bps to 14%
L&T aays plan to list IT sdubsidiary in FY09
IFCI okays initiation of legal process to align LIC stk
Rupee opens at 42.82/USD vs 42.84/USD on Thursday
Karnataka Bank board approves 1:5 rights issue at Rs 100/sh
45.37 lakh Suzlon shr change hands on BSE at Rs 250.95/sh
Oil India plans to launch IPO by Sep: NW18
ABG Shipyard bags order worth Rs 127 Cr
Nutrient base pricing is good for industry:RCF
FM says avg prc of complex fert to decline by Rs 1416/t
Deccan Chronicle likely to place Sieger Eq at EV of USD750 m
BNP Paribas see 25 bps CRR hike before RBI July policy
Disclaimer