AP is all geared up to claim the much deserved share. The state Govt is prepared to claim assets worth thousands of crores after winning against Telangana in the Supreme Court. The prospects to gain funds for the cash crunched new state now look high.
“Based on the landmark judgment of the Supreme Court, we will now claim our share of 58% in all these 142 institutions,” Cherukuri Kutumba Rao, VC, Andhra Pradesh State Planning Board, told a leading newspaper daily.
Just this last week, the Supreme Court overturned an order of the Hyderabad High Court and ruled that the division of assets of autonomous institutions between the states should be factored by population, as argued by Andhra Pradesh, and not just on the basis of location, as put forth by Telangana.
The heated battle between the governments of the respective states has been on since June 2014, post the bifurcation. There have been many disputes and issues raised surrounding the distribution of assets that is also vastly steered by the bifurcation laws. The new turn of tide in favor of AP proves to be of a formidable advantage to the state, considering the amount and the scope.
“It is natural that when an existing state, if bifurcated to form two new states, there must be an equitable bifurcation of the assets and liabilities of the statutory bodies among the two successor states as well, to ensure welfare of the public at large residing within these territories,” wrote the two-judge bench of the top court while issuing the order.