New Delhi The Supreme Court on Tuesday approved an arbitral panel comprising its two former chief justices, S P Bharucha and VN Khare, to resolve a dispute between Mukesh Ambani-run Reliance Industries (RIL) and the ministry of petroleum and natural gas over the recovery of cost for developing the eastern offshore KG-D6 gas fields.

Justice SS Nijjar while disposing of RIL’s plea said that the two arbitrators would appoint a third umpire arbitrator to resolve the differences.