Supreme Court of India · 2014-04-17
O.N.G.C. LTD. vs OFFICIAL LIQUIDATOR .
- Citation / case number
- SC 2006/5379
- Court
- Supreme Court of India
- Petitioner
- O.N.G.C. LTD.
- Respondent
- OFFICIAL LIQUIDATOR .
- Author
- A.K. SIKRI SURINDER SINGH NIJJAR
- Bench
- A.K. SIKRI SURINDER SINGH NIJJAR
Judgment text excerpt
The Supreme Court ruled that the Oil and Natural Gas Corporation Ltd. (ONGC) must supply natural gas to the members of the Association of Natural Gas Consuming Industries at the rate of Rs.1000 per 1000 cubic meters, as per the interim order dated 15th April 1987. The Court emphasized that the pricing structure must be transparent and justifiable, adhering to the principles of fair trade under the Oil and Natural Gas Commission Act, 1959. The appeal by ONGC was dismissed, affirming the High Court's directive regarding the pricing of gas supply.