The Supreme Court on Thursday will give its advisory opinion on the presidential reference moved by the Centre on whether all natural resources be auctioned in line with its 2G spectrum judgement, or the directive be confined to spectrum alone.

A five-judge constitution bench headed by Chief Justice S.H. Kapadia and comprising of Justices D K Jain, J S Khehar, Dipak Misra and Ranjan Gogoi will also decide whether the reference is maintainable or not, as it was alleged that the government tried to overrule the 2G verdict through the route of reference.

The government had on April 12 moved the reference signed by the then President Pratibha Patil in which eight questions have been raised, including whether there could be judicial interference in policy matters, vis-a-vis disposal of natural resources and investments made by foreign investors under multi and bilateral agreements.

"Whether the judgement lays down that the permissible method for disposal of all natural resources across all sectors and in all circumstances is by the conduct of auction," the reference has stated.

"Whether the court holds that within the permissible scope of judicial review that the policy is flawed, is the court not obliged to take into account investment made under the said policy including the investment made by foreign investors under the multi and bilateral agreements," it said.