As the gas dispute between the two Ambani brothers nears the last phase of arguments in the Supreme Court, the bench has posed some questions to both the companies that can be best described as sticky.

On the penultimate day before Anil Ambani led Reliance Natural Resources Ltd’s (RNRL) team ends arguments in the gas dispute with Mukesh Ambani’s Reliance Industries Ltd (RIL), it has filed one more affidavit reiterating its stand on the government stand for the ninth time.

In response to the affidavit, the three-judge bench observed that the policies decided by Empowered Group of Ministers (EGoM) on gas pricing are of national interest.

Also, the bench asked whether the price, tenure and quantity of gas is part of scheme of demerger of erstwhile RIL?

After 22 days of hearing of the Ambani family gas dispute in the apex court, everything seems culminating to one point where the Supreme Court is asking whether the EGoM decisions are valid or not, RIL claiming that government approval is must for all the contracts and RNRL saying they don’t need government intervention for a contract under family MoU.

Source: http://profit.ndtv.com/2009/12/09003739/Ambani-gas-row-Apex-court-que.html

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