Mumbai, Aug 7 - Breaking its silence on the ongoing dispute with the Anil Ambani group over gas from Krishna-Godavari basin, Mukesh Ambani-led Reliance Industries Friday said it will comment on the matter only in the court.

'Our legal advisors have counselled us to refrain from commenting on the issue,' said Atul Chandra, president of the petroleum business with Reliance Industries, while reading out a written statement before reporters here.

'We emphatically refute and outrightly reject the baseless and motivated allegations and insinuations made by Anil Ambani and his associates against Reliance Industries and its chairman Mukesh Ambani,' Chandra said.

The comments came after a series of charges levelled by the Anil Ambani group, ranging from the manner in which the capital expenditure for the Krishna-Godavari basin was approved and how a valid contract was flouted.