As you probably know the final set of hearings in
the Reliance gas dispute have begun. The first set of hearings began this past
week .No verdict is expected in the immediate future. It will take a few weeks
for the arguments, counter arguments and deliberations by the three member Supreme
Court bench itself. Remember that there are three parties in this case-RIL, RNRL and the government itself.
One aspect remains-this is definitely the last leg of the long running
irritating feud. The battle of the billionaires will have an impact on the two
companies that the two directly represent in this case. This case is paramount
to the future of memorandums between two companies, if they are legally binding
or not. In the short to medium term here is the trade side for both RIL and
RNRL.
