Anil Ambani's firm sues ONGC for ending pact for 12 vessels
Anil Ambani-led Reliance Naval and Engineering has sued ONGC for terminating pact for the supply of 12 vessels. The firm said ONGC refused to take delivery of the eighth vessel, and also invoked a performance bank guarantee of over â¹45 crore. Reliance Naval is seeking a refund of the invoked amount, along with â¹105 crore as payment for the vessel.