Telangana Gets Supreme Court Shocker On Sharing Of APSCHE Assets With AP :- On Thursday,Telangana state suffered a setback with the Supreme Court refusing to review its March 2016 judgement holding that Telangana State was not entitled to the entire assets and deposits of the former Andhra Pradesh State Council for Higher Education(APSCHE).
In the month of March, The Court ordered that the assets divided between Telangana State and Andhra Pradesh in the ratio of 58:42 on the basis of their population. If the two states did not agree for this arrangement, the Central government would constitute a committee to arrive an agreement in two months.
Justices Arun Mishra and V. Gopala Gowda dismissed the review petition which was filed by the Telangana State government saying no merits but kept the review petition filed by the council pending as it did not pass any order on this petition.
Telangana State had estimated that it needs to pay around Rs. 25,000 crore to Andhra Pradesh, if it wants to stake claim over these assets.
Freezing of accounts untenable: SC
On Thursday, Telangana State suffered a setback with the Supreme Court refusing to review its March 2016 judgement regarding assets. Andhra Pradesh government had assessed the share at Rs 70,000 crore.
In the month of March, the Supreme court had said that Telangana State had claimed the entire assets and funds of the council. This could surely not have been the intention of the legislature while enacting the Re-organisation Act, 2014, just because the institutions are in Hyderabad, which falls in Telangana State.
It said: We are wholly incapable to agree with the dispute advanced on behalf of the Telangana State. If this dispute is accepted, it would render Section 47 of the State Re-organisation Act, which provides for the allocation of liabilities and assets among the successor states, nugatory and useless. The action of the banks of freezing the bank accounts of APSCHE is wholly untenable in law, which must be set aside.