The last leg of the legal dispute between Mukesh Ambani’s RIL and Anil Ambani’s RNRL for the pricing of gas from India's KG basin opened in the Supreme Court on Tuesday.
It went on for about two hours where RIL kicked off the arguments by pointing out that it cannot be asked to sell the gas at a subsidised price. It also said that as far as the government regulating gas utilisation and prices is concerned, it was RNRL that approached the government for a gas utilisation policy. 
Meanwhile RNRL on the outset objected to the maintainability of the Special Leave Petition or SLP filed by the government in Supreme Court.
The two hour long session was basically dominated by RIL counsel, Harish Salve, who spent time explaining the case to the three judge bench and providing the court with a chronology of the events.
But what was interesting was Salve pitching that the promoters should not escalate private disputes to the shareholder level and the promoters of both the companies should slug it out on their own.
The government, too, which has joined the dispute as an interested party, said it was the property of the state and cannot be fought over by two rival corporate houses.
Anil has led a high-pitched campaign over the past few months – first with a stormy speech at the shareholders meeting and then with a slew of advertisements splashed on the front pages of newspapers – accusing Mukesh of greed and the government of being biased to Mukesh.
Just ten days ago, he made a surprise truce offer to resolve the dispute amicably. But with Mukesh rejecting Anil's olive branch, the action has moved to the Supreme Court.
Wednesday will likely open a fresh round of arguments in what is likely the most watched corporate battle seen in recent history.  And the end of it will determine the fate of two of India's most valuable firms.