New Delhi, October 21: The Supreme Court today asked the Ambani brothers’ group firms RIL and RNRL why they cannot settle their gas supply dispute through arbitration or mediation.
During hearing of the dispute over supply of gas by RIL to RNRL at USD 2.34 per mmBtu, the bench headed by Chief Justice K G Balakrishnan said the two parties could arrive at a “suitable arrangement” through arbitration, as the Bombay High Court that approved the Reliance empire’s demerger cannot spell what is the ideal arrangement.
To this, Mukesh Ambani-run RIL, which continued its arguments for the second day today, told the court that it considered the government’s gas utilisation and pricing policy as the “suitable arrangement.” .
–PTI