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Two of the top corporate housesheaded by estranged industrialist brothers Mukesh and Anil Ambani are set for a showdown in the Supreme Court, which will on Tuesday commence hearing on their gas supply dispute.

The fight relates to supply of gas to Anil Ambani group's Reliance Natural Resources Ltd (RNRL) from D6 block in Krishna-Godavari eastern offshore fields of elder sibling Mukesh-led Reliance Industries (RIL).

Days before the beginning of hearing in Supreme Court, Anil Ambani also made a surprise truce offer to resolve the dispute cordially, but Mukesh Ambani questioned its sincerity without rejecting the proposal.

In a public statement on 11th October, Anil said all the disagreements could be resolved within weeks, but RIL questioned the sincerity of the offer made "through the public domain" and said Anil could have easily contacted his elder brother directly.

RIL also asked Anil to demonstrate the bonafide of his intentions behind the latest overture, adding it "welcomes this positive indicator and will not be found wanting in responding to them constructively."

While RNRL is seeking supply of natural gas at a previously agreed price of USD 2.34 per mmBtu, RIL contends that it cannot do so as the government approved the rate for the gas at USD 4.2 per mmBtu and it would not make profit at a price committed in 2005.  

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