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Rediff.com  » Business » Gas dispute: SC to hear the case on July 20

Gas dispute: SC to hear the case on July 20

Source: PTI
Last updated on: July 07, 2009 12:14 IST
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The Supreme Court on Tuesday issued notice to Mukesh Ambani-led Reliance Industries Limited, Anil Ambani-run Reliance Natural Resources Ltd, and the government on cross-appeals by both the two companies on their gas supply dispute.

While issuing notice to the three sides, an apex court Bench headed by Chief Justice K G Balakrishnan posted the matter for hearing on July 20.

Last week, RIL moved the apex court challenging the Bombay high court order that asked it to supply 28 mmscmd of gas to RNRL at $2.34 per mmbtu.

RIL, in its appeal had alleged that the high court had erred in deciding the three terms -- quantity, tenure and price of gas supply -- to power plants of RNRL affiliates.

Reliance Natural Resources Ltd had also moved the Supreme Court seeking modification in the Bombay High Court order to make binding the gas supply from RIL.

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