India, May 20 -- The Supreme Court on Wednesday declined to pause proceedings in the high-stakes Krishna Godavari (KG) basin gas migration dispute between the Centre and a Reliance Industries Limited (RIL)-led consortium, even as the consortium informed the court that it intends to approach the Union government seeking conciliation or mediation of the matter.

After the RIL's legal team mentioned the matter before Chief Justice of India Surya Kant, the CJI said that the hearing would continue unless both sides jointly informed the court that a resolution had been reached.

The development came a day after the Centre accused the consortium of having "virtually committed a theft" of natural gas belonging to state-run Oil and Natural Gas Cor...