In the course of the legal battle over the gas supply agreement, Mukesh Ambani-led Reliance Industries (RIL) has alleged diversion of funds raised for Dadri power project, a charge denied by Anil Ambani group firm Reliance Natural Resources (RNRL).
On the contrary, RNRL, in its counter affidavit in the Bombay High Court, has alleged that RIL and the government were suppressing some vital facts and asked the court for direction for production of a few documents.
In its affidavit, RIL said that RBI has imposed a penalty of Rs 125 crore on Reliance Energy (REL) for allegedly diverting funds it had raised from abroad, but the Anil's group firm has challenged the apex bank's move.
RNRL said that another group firm REL raised about Rs 2,000 crore for various projects and not against assets relating to the Dadri power project.
Listing out a number of documents that need to be produced by RIL and the government, RNRL affidavit said the investment envisaged in the Dadri power project is well above Rs 20,000 crore and raising this amount required a bankable gas supply arrangement.
RNRL has asked the court for direction to the government to submit documents relating to correspondence between the Petroleum Ministry and Director General Hydrocarbon with regard to dispute between RIL and RNRL, dispute between RIL and NTPC and valuation of cost petroleum/profit petroleum for KG D6 basin among others.