Reliance Power on Wednesday approached the Supreme Court seeking a stay on the hearing of a PIL in Gujarat High Court pertaining to stay of its forthcoming IPO.
Appearing before a three-judge bench headed by Chief Justice K G Balakrishnan, senior advocate Harish Salve pleaded for an urgent hearing on this matter as the Gujarat High Court was to take up the matter on Wednesday.
"The PIL by Grahak Mandal in Gujarat High Court is motivated and it is just a blackmail strategy on its part as we are coming with our IPO on January 15," Salve said while pleading for stay on the High Court proceedings.
Courtesy:thehindu.com
Complete artical HERE
Wednesday, January 9, 2008
Reliance Power moves SC against PIL in Gujarat HC
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