On Day 4 of the Reliance hearing, the apex court said failure to arrive at any suitable arrangement could make it direct the two companies to go for arbitration. "If you are not able to reach a suitable arrangement, there can be negotiation, or we can direct you to go for arbitration," said the 3-judge Bench.

The Bench wondered how the dispute reached the court. "What is the issue? There was an agreement but you did not arrive at a suitable arrangement and you came to the court. What will the court do?" they asked. "How will the court know about the suitable arrangement between the Ambani brothers?"

RNRL senior lawyer Ram Jethmalani said RNRL has no objection to the gas pricing policy but "the policy will apply to future contracts and not only to existing contracts."

In response to Salve's argument that not following the GSMA would cause losses to RIL, RNRL's counsel Ram Jethmalani let loose his famous temper. "I am yet to open my case. You [Salve] are testing my patience. The cost of production from the KG basin is a meager 89 cent and RIL would make profits worth crores of rupees even after selling the gas at lesser price of $2.34 per unit."

Bar & Bench has also extensively covered the arguments advanced on Day 1, Day 2 and Day 3 of the Reliance saga.

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