Reliance Natural Resources Ltd vs Reliance Industries Ltd

The Supreme Court addressed the appeals filed by Reliance Natural Resources Ltd. (RNRL) and Reliance Industries Limited (RIL) against the Bombay High Court's judgment regarding the Production Sharing Contract (PSC) for Block KG-D6. The Court emphasized the importance of natural gas resources being shared for the benefit of the entire country, referencing the case of Association of Natural Gas & Ors. vs. Union of India. The Court held that the PSC must be interpreted in a manner that aligns with the government's policy on petroleum resources, ultimately dismissing the appeals and upholding the High Court's decision.