Hearing the high voltage legal battle between the Ambani brothers, the Supreme Court today raised questions on the possibility of the two sides working out a "suitable arrangement" to resolve the gas dispute.
"What suitable arrangement you can make out or arrive at. There must be parameters to arrive at a suitable arrangement," a Bench headed by Chief Justice K G Balakrishnan said.
The Bench was hearing for the fourth day the dispute between RIL and RNRL relating to supply of gas from KG basin.
"If you are not able to reach a suitable arrangement... We can direct you to arrive at a suitable
arrangement or direct you to go for arbitration," the Bench observed.
Anil's group is seeking gas from his brother's group RIL at rates 44 per cent lower Government-approved price.
RIL says it cannot honour the commitment made in the 2005 family agreement due to Government's pricing and gas policies.
When senior advocate Harish Salve was advancing the arguments for RIL, the Bench said, "what is the issue. There was an agreement but you did not arrive at a suitable arrangement and you came to the court. What will the court do?"
"What is suitable arrangement. How will court know about the suitable arrangement between them (Ambani brothers)?" they asked.
Salve said suitable arrangement as per the 2005 agreement is not working.
