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Home News Power Sector News Supreme Court issues notice to RIL, RNRL, Centre on gas supply dispute

Supreme Court issues notice to RIL, RNRL, Centre on gas supply dispute

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Supreme CourtThe Supreme Court issued notice to Mukesh Ambani-led Reliance Industries, Anil Ambani-run Reliance Natural Resources Ltd, and the Centre on cross-appeals by both the companies on their gas supply dispute. While issuing notice to the two companies and the Ministry of Petroleum and Natural Gas (an intervener), a Bench headed by Chief Justice K G Balakrishnan posted the matter for hearing on July 20.

Notices were issued after Reliance Natural Resources counsels Mukul Rohtagi and Mahesh Agarwal and Reliance Industries Ltd (RIL) counsel R Nariman and Pratap Venugopal requested the court to do so.

While RNRL moved the apex court seeking to restrain RIL from supplying or entering into a contract for supply of natural gas for 40 mmscmd with any other party, RIL also challenged the Bombay High Court judgment that asked it to supply 28 mmscmd gas to the former at USD 2.34 per mmbtu.

Challenging the High Court verdict, Reliance Industries Ltd in its appeal said that the High Court had erred in deciding the three terms, quantity, tenure and price of gas supply, to power plants of RNRL affiliates as the court had no jurisdiction.

Source - Economic Times

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