business 🏛️ SC hits RIL with fine for dragging 20-year suit
The Supreme Court imposed a cost of Rs. 10 lakhs on Reliance Industries Ltd. for obstructing a 20-year-old commercial suit. This happened in the Supreme Court, where the bench strongly disapproved of RIL's litigation strategy. The suit, filed by NTPC in 2005, is still stuck at the evidence stage despite two decades passing. The Court noted that RIL's objections seemed unlimited, stalling progress consistently. The appeal was dismissed, and RIL must pay the fine to the Supreme Court Advocates on Record Association within five weeks. ⚖️