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VERIFIEDET Finance·negative
SC slaps Rs 10 lakh fine on Reliance Industries for delaying NTPC gas supply suit
AI Summary
- ·The Supreme Court imposed a Rs 10 lakh fine on Reliance Industries for delaying a natural gas supply suit filed by NTPC in 2005.
- ·The court observed that Reliance Industries had obstructed legal proceedings for two decades.
- ·The apex court expressed strong disapproval of the prolonged litigation and its impact.