Reliance Industries

The Gujarat High Court has set aside a Rs 146.79 lakh demand raised against Reliance Industries Ltd (RIL) for alleged unpaid water charges from 1997 to 2005. Justice H M Prachchhak, in a judgment delivered on April 15, ruled that once a transaction is concluded, the state government cannot reopen accounts to impose retrospective burdens. The court quashed the state's July 2005 order and related bills.