MoU is not Legally Binding, However it can be interpreted accordingly. Government Owns the Gas till it reaches the consumer.
RIL and RNRL to renegotiate production Sharing Contract within 6 weeks. Submit it to Company’s Court and the court must come out with an order within 8 weeks.
Other Two Justices are yet to rule as it was 3 bench.Guess it was final verdict as it was signed by Chief Justice K G Balakrishnan.
Renegotiate within the Ambit of the Government Policy says the Judgment.
Our Comment:The Oil and Petroleum ministry is in the pockets of Mukesh Ambani and it is unlikely that Anil Ambani will get justice he is seeking.
Supreme Court 3 Judge Bench rule 2:1 in Favor of RIL & Mukesh Ambani.