Supreme Court of India

Reliance Natural Resources Ltd. v. Reliance Industries Ltd.

Neutral citation

Reported as [2010] 5 S.C.R. 704

Bench K.G. Balakrishnan, B. Sudershan Reddy and P. Sathasivam JJ.

Decided 7 May 2010

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7 Supreme Court benches have cited this judgment.

What the Court ordered

Summary of our conclusions: A. Question of Maintainability of the Company Application RNRL filed an application under the Companies Act arguing that GSMA put in place by RIL does not satisfy the Scheme of demerger.

Judgment, page 129

From the headnote

Companies Act, 1956: Sections 193, 194, 195, 293, 391, 392, 393 and 394 - Gas Sales & Master Agreement (GSMA) - Entered into by Reliance Natural Resources Limited (RNRL) with Reliance Industries (RIL) on the basis of Memorandum of Understanding (MoU) arrived at between Ambani brothers - Scheme approved by Company Court - Hence Sections 392 and 394 applicable - Power of the Court under Sections 391 to 394 wide enough to make necessary changes in the Scheme - How&er, the power does not extend to making any substantial or substantive changes to the Scheme - The said MoU does not fall under the

Authorities it was built on

1979 Ramana Dayaram Shetty v. The International Airport Authority of India and Ors. cited by 124
1990 Kumari Shrilekha Vidyarthi Etc. Etc v. State of U.P. and Ors. cited by 50
1992 Food Corporation of India v. Kamdhenu Catile Feed Industries cited by 22
2004 Chairman and M.D., N.T.P.C. Ltd. v. M/s Reshmi Constructions, Builders & Contractors cited by 15
1991 V. B. Rangaraj v. V. B. Gopalakrishnan and Ors. cited by 9
1967 State of Madhya Pradesh & Anr. v. Thakur Bharat Singh cited by 5

Where later benches applied it

2015 Krishnamoorthy v. Sivakumar & Ors. relied on
2012 Centre for Public Interest Litigation and Others v. Union of India and Others relied on
2024 Property Owners Association & Ors. v. State of Maharashtra & Ors. referred to
2024 Mineral Area Development Authority & Anr. v. M/s Steel Authority of India & Anr. Etc. referred to
2021 Sanjiv Prakash v. Seema Kukreja and Ors. referred to
2014 Association of Unified Tele Services Providers & Others v. Union of India referred to
2012 Re: Special Reference N0.1 of 2012 v. -- referred to

Of those, 2 relied on · 5 referred to

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