After reserving his judgement for almost two months, Supreme Court judge Markandey Katju has dropped out of a case involving Mukesh Ambani's Reliance Industries Limited (RIL).

Justice Katju says there's a conflict of interest because his wife owns shares in RIL.

According latest reports Justice B Sudershan Reddy will be the new SC judge in Ambani case.

The case in question is between RIL and Bharat Petroleum Corporation Limited (the government-owned BPCL); the dispute is over the price at which BPCL supplies Naptha to the Reliance plant in Raigad.

On Wednesday morning, Justice R V Raveendran, who was a part of the three-judge Bench hearing the ongoing gas dispute between the Ambani brothers, recused himself from the matter saying his daughter Sunitha Rajesh is a partner with Mumbai-based solicitors firm which is advising RIL in global acquisition matters.