The Reliance family is not satisfied with the terms of family memorandum of understanding (MoU). The Anil Ambani-controlled Reliance Natural Resources Ltd (RNRL) is planning to produce it in the Bombay high court. The family memorandum of understanding (MoU) was signed in 2005 and it is basis of the partition of the Reliance group.

Reliance Natural Resources Ltd and Mukesh Ambani’s Reliance Industries Ltd (RIL) are fighting with each other on Krishna-Godavari (KG) basin gas finding issue. A two-member bench of the Bombay high court directed to produce the document to check its legality.

The advocate of RIL, Milind Sathe demanded separate filing of case keeping it separate from the family memorandum of understanding (MoU). The Reliance Natural Resources Ltd wants its due share in KG basin which produces 28 million standard cubic metres gas per day. RNRL’s lawyer Ram Jethmalani said in the court that the firm would produce the MoU in the court if it is necessary for the course of justice.

The next hearing of the case would come at the end of September. This litigation is affecting the revenue of both companies as per the analysis of industry experts.