NEW DELHI, May 5: The Supreme Court is expected to deliver on Friday its much-awaited verdict on one of India’s most high-profile legal battles between companies led by the two Ambani brothers, Mukesh and Anil, over natural gas supplies from the Krishna-Godavari basin. A three-member bench of Chief Justice KG Balakrishnan, Justice B Sudershan Reddy and Justice P Sathasivam had reserved its judgement on December 18 after hearing the arguments that lasted 27 days, spread over nine weeks. The Chief Justice is set to retire on May 11 and has been disposing of as many cases as possible before that.
At the core of the Krishna-Godavari gas dispute is the validity of the agreement reached between the two brothers — and blessed by their mother Kokilabehn — at the time of the demerger of the erstwhile Reliance Group in June 2005, and concerns the price, quantity and tenure of gas supply by Reliance Industries Ltd to Reliance Natural Gas.
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