SUPREME COURT DEFERS AMBANI GAS ROW HEARING TILL OCTOBER 20

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THE final hearing on the Krishna-Godavari (KG) gas dispute between Mukesh Ambani’s Reliance Industries (RIL) and Anil Ambani’s Reliance Natural Resources (RNRL) by the Supreme Court has been deferred till October 20. The government’s petition on the issue and those of various power producers, mainly from Andhra Pradesh, and the Fertiliser Corporation of India would also be heard on that day.

A bench headed by Chief Justice K G Balakrishnan posted the matter for final hearing after RNRL mentioned that the matter, which was originally scheduled for September 1, may not be taken up that day by the bench as the CJI would be leading the constitutional bench.

RNRL is fighting to get RIL to supply gas to it at $2.34 per mmBtu. The Mukesh Ambani group company has maintained that the price of the fuel needs to be approved by the government. The government has filed a special leave petition seeking to assert its right on the national resource. It has also sought to declare as null and void that part of the Ambani family MoU that provides for dividing natural gas from KG-D6 fields between RIL and RNRL. The bench also directed all the parties to file all the documents including responses and rejoinders by that date.

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