The Supreme Court has so far upheld the right of administration to determine the price of gas. It was cited by Judge Sathasiwam. It supports indirect Mukesh Ambani.
The judge said that the administration owns the gas before it is delivered to clientele.
Mukesh and Anil Ambnai has six weeks to renegotiate the contract, and forced Mukesh to sell gas to Anil.
The moderator said that a communication of understanding between the two brohers signed in 2005, does not include a management contract over-rides all private agreement.
The case the Supreme Court was heard by a three-judge bench. Two of these adjudicators delivering divide judgments. The majority opinion will prevail.
Minister of fairness signed a judge handed down by Judge Sathasivan. Statement says that both brothers should sit down and renegotiate gas supply framework accord (GSM) and then back to the court for six weeks.
Judgement also that gas is a national asset and belongs to the Government delivered to the consumer. The court said it will give instructions for 8 weeks.
The ruling means that discussions must take place within the framework of government policy.Additional Case added that direction parameter should dictate the renegotiated plan and RIL and RNRL should renegotiate under government rules. Judge Sathasivam notice is supposed to be against RNLR.
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