SC posts July 20 as date for hearing gas dispute | business | Hindustan Times
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SC posts July 20 as date for hearing gas dispute

business Updated: Jul 07, 2009 12:10 IST
PTI
SC to hear petitions of RIL

The Supreme Court on Tuesday issued notice to Mukesh Ambani-led Reliance Industries, 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 KG 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.

Reliance Industries Ltd 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.