Why can't you go for 'arbitration', SC asks Ambanis

New Delhi, Oct 21 (PTI) The Supreme Court of India
Wednesday asked the Ambani brothers' group firms RIL and RNRL
why they cannot settle their gas supply dispute through
arbitration or mediation.
During hearing of the dispute over supply of gas by
RIL to RNRL at USD 2.34 per mmBtu, the bench headed by Chief
Justice K G Balakrishnan said the two parties could arrive at
a "suitable arrangement" through arbitration, as the Bombay
High Court that approved the Reliance empire's demerger cannot
spell what is the ideal arrangement.
To this, Mukesh Ambani-run RIL, which continued its
arguments for the second day Wednesday, told the court that it
considered the government's gas utilisation and pricing policy
as the "suitable arrangement." MORE PTI IB
PMR


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