{"id":5156,"date":"2010-05-07T15:18:10","date_gmt":"2010-05-07T09:48:10","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=5156"},"modified":"2010-05-07T15:18:10","modified_gmt":"2010-05-07T09:48:10","slug":"government-undisputed-owner-of-natural-resources-supreme-court","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/government-undisputed-owner-of-natural-resources-supreme-court","title":{"rendered":"Government undisputed owner of natural resources: Supreme Court"},"content":{"rendered":"<p>The Supreme Court Friday said the government was the undisputed owner of natural resources and had the right to fix its price. It was<\/p>\n<p>delivering the verdict on the dispute over Krishna-Godavari gas between companies led by the two Ambani brothers, Mukesh and Anil.<\/p>\n<p>Keeping the interests of Anil Ambani-led Reliance Natural Resources, the apex court also directed that an agreement be reached with Mukesh Ambani-led Reliance Industries within six weeks over supplies of natural gas from the fields, off the Andhra Pradesh coast.<\/p>\n<p>The case, one of the most-followed legal battles in India, was heard by a three member bench of Chief Justice K.G. Balakrishnan, Justice B. Sudershan Reddy and Justice B. Sudershan Reddy.<\/p>\n<p>At the core of the gas dispute was the validity of an agreement reached between the two brothers &#8212; and blessed by their mother Kokilabehn &#8212; at the time of the de-merger of the erstwhile Reliance Group in June 2005.<\/p>\n<p>It concerned the price, quantity and tenure of gas supplies by Reliance Industries to Reliance Natural Resources. The agreement called for 28 million units of gas a day to be supplied by Reliance Industries to Reliance Natural Resources at $2.34 per unit for 17 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court Friday said the government was the undisputed owner of natural resources and had the right to fix its price. It was delivering the verdict on the dispute over Krishna-Godavari gas between companies led by the two Ambani brothers, Mukesh and Anil. Keeping the interests of Anil Ambani-led Reliance Natural Resources, the apex [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-5156","post","type-post","status-publish","format-standard","hentry","category-top-law-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government undisputed owner of natural resources: Supreme Court - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Supreme Court Friday said the government was the undisputed owner of natural resources and had the right to fix its price. 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A three-member bench of Chief Justice K.G. Balakrishnan, Justice B. Sudershan Reddy and Justice\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2792,"url":"https:\/\/www.legalindia.com\/news\/anil-ambani-to-move-supreme-court","url_meta":{"origin":5156,"position":1},"title":"Anil Ambani to move Supreme Court","author":"Legal India Admin","date":"July 30, 2009","format":false,"excerpt":"The legal battle over the KG Basin gas intensified on Wednesday, with the Anil Ambani-owned Reliance Natural Resources Limited declaring its intention to approach the Supreme Court to seek a final hearing on September 1. Reliance Natural Resources Limited served notice on Reliance Industries Limited and the Petroleum and Natural\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34413,"url":"https:\/\/www.legalindia.com\/news\/kg-basin-disputefresh-plea-appointing-arbitrator","url_meta":{"origin":5156,"position":2},"title":"KG basin dispute:Fresh plea for appointing arbitrator","author":"Legal India Admin","date":"July 26, 2014","format":false,"excerpt":"A fresh plea was on Friday made in the Supreme Court for appointment of a third arbitrator to resolve the dispute between the Centre and Mukesh Ambani-led Reliance Industries Ltd (RIL) on KG basin in the wake of an Australian judge recusing himself. A plea in this regard was mentioned\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"KG basin","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/07\/KG-basin.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":32150,"url":"https:\/\/www.legalindia.com\/news\/kejriwal-now-targets-mukesh-ambani-moily","url_meta":{"origin":5156,"position":3},"title":"Kejriwal now targets Mukesh Ambani, Moily","author":"Legal India Admin","date":"February 12, 2014","format":false,"excerpt":"Delhi chief minister Arvind Kejriwal on Tuesday directed the anti-corruption branch (ACB) of his government to register an FIR against Reliance Industries Ltd (RIL) chairman Mukesh Ambani, petroleum minister Veerappa Moily, former petroleum minister Murli Deora and former director general of hydrocarbons VK Sibal for increasing the price of natural\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"kejriwal","src":"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/02\/kejriwal-150x90.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":15557,"url":"https:\/\/www.legalindia.com\/news\/arrest-warrant-issued-against-mukesh-ambani","url_meta":{"origin":5156,"position":4},"title":"Arrest warrant issued against Mukesh Ambani","author":"Legal India Admin","date":"December 17, 2011","format":false,"excerpt":"A bailable arrest warrant has been issued against Reliance Group of Industries chairman Mukesh Ambani by a Kerala consumer forum for his failure to pay a Rs.24,000 fine to a person who had purchased a mobile from a Reliance outlet in 2003. 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