Supreme Court reserves verdict in Reliance gas dispute
December 18th, 2009 - 6:37 pm ICT by IANSNew Delhi, Dec 18 (IANS) The Supreme Court Friday reserved its verdict on the gas supply dispute between Reliance Natural Resources Ltd (RNRL) and Reliance Industries Ltd (RIL).
The three-member bench of Chief Justice K.G. Balakrishnan, Justice B. Sudershan Reddy and Justice P. Sathasivam reserved the verdict after the conclusion of arguments that lasted 27 days spread over nine weeks.
The bench was hearing the dispute over the supply of 28 million units of gas for 17 years at $2.34 per unit to the Anil Ambani-headed RNRL from the gas fields of Krishna-Godavari basin, awarded to Mukesh Ambani’s RIL.
The price, tenure and quantity were based on a pact in the Ambani family entered in 2005 but RIL later said it will only sell gas for $4.20 per unit to RNRL, claiming this was the consideration fixed by the government.
The Bombay High Court had earlier ruled in RNRL’s favour.
- RNRL ends argument on gas dispute with plea for comprehensive solution - Dec 16, 2009
- Apex court reserves verdict on Krishna-Godavari gas row (Lead) - Dec 18, 2009
- RIL itself had sought permission to sell gas at $2.34 per unit: RNRL - Dec 08, 2009
- RIL responsible for Dadri power project stalemate: RNRL (To go with: Even oil ministry said RIL has full gas marketing freedom: RNRL) - Dec 01, 2009
- Apex court may conclude hearing Reliance gas dispute next week - Dec 10, 2009
- Court can't impose family pact on shareholders: RIL - Nov 17, 2009
- Krishna-Godavari gas not for Dadri alone: RNRL - Dec 03, 2009
- KG basin gas row: SC to deliver verdict today - May 07, 2010
- Hearing on Reliance gas dispute cancelled for Wednesday - Dec 09, 2009
- Even oil ministry said RIL has full gas marketing freedom: RNRL - Dec 01, 2009
- RNRL chief Anil Ambani meets Prime Minister - May 12, 2010
- Court agrees high gas price will push power, fertiliser costs - Dec 02, 2009
- Oil ministry claims burden will be heavy if gas sold as per family pact (Lead) - Nov 18, 2009
- RIL itself sought permission to sell gas at $2.34 per unit: RNRL (Lead) - Dec 08, 2009
- Murli Deora welcomes Supreme Court's verdict on Krishna Godavari Basin Gas dispute - May 07, 2010
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