The Bombay high court has modified the interim order on the sale of KG basin gas by Reliance Industries [Get Quote]. The court has lifted the interim stay on RIL till a final verdict is passed. The judgement is expected by Mid-March

Meanwhile, RIL has been allowed to sell KG basin gas at $4.20/mmbtu in the interim period.

The court had restrained RIL from selling gas from its KG D6 block to third-party customers after ADAG company RNRL challenged the court order.