Govt right on gas supreme; Ambani family has no right on it: SC | business | Hindustan Times
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Govt right on gas supreme; Ambani family has no right on it: SC

The Supreme Court today rejected division of gas under the Ambani family MoU and said that it was government's right to decide the price and utilisation of the fuel, which is a national asset.

business Updated: May 07, 2010 11:53 IST

The Supreme Court on Friday rejected division of gas under the Ambani family MoU and said that it was government's right to decide the price and utilisation of the fuel, which is a national asset.

Delivering the majority verdict of the bench headed by Chief Justice K G Balakrishnan on the four-year gas dispute between RIL and RNRL, Justice P Sathasivam said the Production Sharing Contract over-rides all other agreements.

The family agreement -- signed among brothers Mukesh and Anil Ambani and their mother Kokilaben -- was not legally and technically binding.