Telangana gets SC shocker on sharing of APSCHE assets with AP

[Rendu]

The Court in March ordered that the assets be divided between TS and AP in the ratio of 58:42 on the basis of their population.

 Supreme Court of India

New Delhi: Telangana state suffered a setback on Thursday with the Supreme Court refusing to review its March 2016 verdict holding that TS was not entitled to the entire assets and deposits of the erstwhile Andhra Pradesh State Council for Higher Education (APSCHE).

The Court in March ordered that the assets be divided between TS and AP in the ratio of 58:42 on the basis of their population and if the two states did not agree for this arrangement, the Centre would constitute a committee to arrive an agreement in two months.

A bench of Justices V. Gopala Gowda and Arun Mishra dismissed the review petition filed by the TS government saying “no merits” but kept the review petition filed by the council pending as it did not pass any order on this petition.
TS had estimated that it needs to pay around `25,000 crore to AP, if it wants to stake claim over these assets.

Freezing of accounts untenable: SC
TS suffered a setback on Thursday with the Supreme Court refusing to review its March 2016 verdict regarding assets. AP government had assessed the share at Rs 70,000 crore.

In March, the court had said that TS had claimed the entire funds and assets of the council. This could surely not have been the intention of the legislature while enacting the Reorganisation Act, 2014, just because the institutions are in Hyderabad, which falls in TS.

It said: “We are wholly unable to agree with the contention advanced on behalf of the state of Telangana. If this contention is accepted, it would render Section 47 of the State Reorganisation Act, which provides for the apportionment of assets and liabilities among the successor states, useless and nugatory. The action of the banks of freezing the bank accounts of APSCHE is wholly untenable in law, which must be set aside.”

 

 

[Rendu]

 

Telangana sees big loss in sharing assets with Andhra Pradesh

 

Andhra Pradesh government says it should get Rs 70,000 crore while Telangana calculates it at Rs 25,000 crore.

Hyderabad: The sharing of assets with Andhra Pradesh in the common capital of Hyderabad will prove costly for the Telangana government.

Following the recent Supreme Court directions on sharing of Andhra Pradesh State Council of Higher Education’s assets and liabilities between Andhra Pradesh and Telangana in the ratio of their population of 52:48, the Telangana government has estimated that it needs to pay around Rs 25,000 crore to Andhra Pradesh, if it wants to stake claim over these assets.

Most of these assets are government offices in Hyderabad, which are jointly shared by Andhra Pradesh and Telangana. The Andhra Pradesh government is making arrangements to shift its offices to Amaravati by June and is demanding 52 per cent of the buildings and land’s worth from Telangana to hand these over after shifting.

APSCHE alone has fixed deposits worth Rs 115 crore and a bank balance of Rs 18 crore. The Andhra Pradesh government recently wrote to the Telangana government to come forward to share the FDs and bank balance of APSCHE in the ratio of 52:48 as directed by the Supreme Court. But there has been no response from the Telangana government so far as it has been scouting for legal options to file a review petition in the apex court.

There are 120 institutions listed under Schedule IX and X of the AP Reorganisation Act 2014, which are offering joint services to Telangana and Andhra Pradesh at present; most of these are located in Hyderabad.

The Andhra Pradesh government is seeking a 52 per cent share of the assets and liabilities of all these institutions. While the Andhra Pradesh government is claiming that the Telangana government will have to pay it nearly Rs 70,000 crore to take control of these institutions, the Telangana government has pegged the amount at Rs 25,000 crore, as per the worth of buildings and lands when they were provided to these institutions between 1956 and 2014.

"The Andhra Pradesh government is seeking a share based on the existing market rates, which is not correct. It arrived at a figure of Rs 70,000 crore based on that. But it should be based on the market value prevailing at that time when the building was constructed or land was allotted," said an official from the Finance department.

While the Andhra Pradesh government is claiming that the 120 institutions together had bank deposits of Rs 16,000 crore as on June 2, 2014, the Telangana government has dismissed this and put the figure at Rs 3,600 crore.

[argadorn]

TG people ki okati manch news veyachu kadha...anni shocking and harassing news ye

[Kontekurradu]

Androlla Kutra ra bhai antadu kinda whistles claps 

[rapchik]

2 minutes ago, Rendu said:

The Court in March ordered that the assets be divided between TS and AP in the ratio of 58:42 on the basis of their population.

 Supreme Court of India

New Delhi: Telangana state suffered a setback on Thursday with the Supreme Court refusing to review its March 2016 verdict holding that TS was not entitled to the entire assets and deposits of the erstwhile Andhra Pradesh State Council for Higher Education (APSCHE).

The Court in March ordered that the assets be divided between TS and AP in the ratio of 58:42 on the basis of their population and if the two states did not agree for this arrangement, the Centre would constitute a committee to arrive an agreement in two months.

A bench of Justices V. Gopala Gowda and Arun Mishra dismissed the review petition filed by the TS government saying “no merits” but kept the review petition filed by the council pending as it did not pass any order on this petition.
TS had estimated that it needs to pay around `25,000 crore to AP, if it wants to stake claim over these assets.

Freezing of accounts untenable: SC
TS suffered a setback on Thursday with the Supreme Court refusing to review its March 2016 verdict regarding assets. AP government had assessed the share at Rs 70,000 crore.

In March, the court had said that TS had claimed the entire funds and assets of the council. This could surely not have been the intention of the legislature while enacting the Reorganisation Act, 2014, just because the institutions are in Hyderabad, which falls in TS.

It said: “We are wholly unable to agree with the contention advanced on behalf of the state of Telangana. If this contention is accepted, it would render Section 47 of the State Reorganisation Act, which provides for the apportionment of assets and liabilities among the successor states, useless and nugatory. The action of the banks of freezing the bank accounts of APSCHE is wholly untenable in law, which must be set aside.”

 

 

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https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjrqfGrtNrOAhUD92MKHTxEAhUQFggeMAA&url=http%3A%2F%2Fwww.deccanchronicle.com%2Fnation%2Fcurrent-affairs%2F120816%2Ftelangana-gets-supreme-court-shocker-on-sharing-of-apsche-assets-with-ap.html&usg=AFQjCNFaPQsjTJ06-a3ckKc4I8p4v0Pszw&sig2=vWmiTjiC_eEWFOmFsTYrJw

[rapchik]

1 minute ago, argadorn said:

TG people ki okati manch news veyachu kadha...anni shocking and harassing news ye

Aug 12th news   ..pathavi leputhunaru news leka

[Rendu]

Just now, Kontekurradu said:

Androlla Kutra ra bhai antadu kinda whistles claps 

Supreme Court lo kuda andhra valla kutra ena ? 

[TOM_BHAYYA]

Just now, argadorn said:

TG people ki okati manch news veyachu kadha...anni shocking and harassing news ye

TG people ki thappadhu maaan.. Dhora Ni cm

ga evadu ennukomannaru

[bondjamesbond]

 

1 minute ago, rapchik said:

Aug 12th news   ..pathavi leputhunaru news leka

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[TOM_BHAYYA]

2 minutes ago, bondjamesbond said:

 

 August 12 th tarvata malli re apply cheste malli 10 geye mani malli annaru ivala ....

Malla potharu malli10geymantaru Idhi Oka process le Ankul ..

[Rendu]

8 minutes ago, rapchik said:

 2weeks back news bhayya ..epudu endhuku vesthunatu

 

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjrqfGrtNrOAhUD92MKHTxEAhUQFggeMAA&url=http%3A%2F%2Fwww.deccanchronicle.com%2Fnation%2Fcurrent-affairs%2F120816%2Ftelangana-gets-supreme-court-shocker-on-sharing-of-apsche-assets-with-ap.html&usg=AFQjCNFaPQsjTJ06-a3ckKc4I8p4v0Pszw&sig2=vWmiTjiC_eEWFOmFsTYrJw

endhaka news lo dheni gurunchi  malli vesaru bhayya............. simplle ga supreme court ......TG govt ki malli mottikayalu vesindi 

[TOM_BHAYYA]

1 minute ago, Rendu said:

endhaka news lo dheni gurunchi  malli vesaru bhayya............. simplle ga supreme court ......TG govt ki malli mottikayalu vesindi 

Enni dark esina dhora Ki budhhi radhu le ..Ankul Ninna b edho high court Swiss challenge meedha edho motti kayal vesindhanta..paisal 10ge program kosam Em reveal cheyatle Ani.. Emanna idea undha? Dhani meedha 

[johnubhai_01]

maak givem kottha kaad ra bhai.. anduke telanganaaku separate supreme court theppistham.. appudu chuskundam 

[rapchik]

15 minutes ago, Rendu said:

 

Telangana sees big loss in sharing assets with Andhra Pradesh

 

Andhra Pradesh government says it should get Rs 70,000 crore while Telangana calculates it at Rs 25,000 crore.

Hyderabad: The sharing of assets with Andhra Pradesh in the common capital of Hyderabad will prove costly for the Telangana government.

Following the recent Supreme Court directions on sharing of Andhra Pradesh State Council of Higher Education’s assets and liabilities between Andhra Pradesh and Telangana in the ratio of their population of 52:48, the Telangana government has estimated that it needs to pay around Rs 25,000 crore to Andhra Pradesh, if it wants to stake claim over these assets.

Most of these assets are government offices in Hyderabad, which are jointly shared by Andhra Pradesh and Telangana. The Andhra Pradesh government is making arrangements to shift its offices to Amaravati by June and is demanding 52 per cent of the buildings and land’s worth from Telangana to hand these over after shifting.

APSCHE alone has fixed deposits worth Rs 115 crore and a bank balance of Rs 18 crore. The Andhra Pradesh government recently wrote to the Telangana government to come forward to share the FDs and bank balance of APSCHE in the ratio of 52:48 as directed by the Supreme Court. But there has been no response from the Telangana government so far as it has been scouting for legal options to file a review petition in the apex court.

There are 120 institutions listed under Schedule IX and X of the AP Reorganisation Act 2014, which are offering joint services to Telangana and Andhra Pradesh at present; most of these are located in Hyderabad.

The Andhra Pradesh government is seeking a 52 per cent share of the assets and liabilities of all these institutions. While the Andhra Pradesh government is claiming that the Telangana government will have to pay it nearly Rs 70,000 crore to take control of these institutions, the Telangana government has pegged the amount at Rs 25,000 crore, as per the worth of buildings and lands when they were provided to these institutions between 1956 and 2014.

"The Andhra Pradesh government is seeking a share based on the existing market rates, which is not correct. It arrived at a figure of Rs 70,000 crore based on that. But it should be based on the market value prevailing at that time when the building was constructed or land was allotted," said an official from the Finance department.

While the Andhra Pradesh government is claiming that the 120 institutions together had bank deposits of Rs 16,000 crore as on June 2, 2014, the Telangana government has dismissed this and put the figure at Rs 3,600 crore.

lol 1 week back news again...vadike news leka unayi repeat chesthe nuvu vatine mali mali vetshava https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwiKg9TBt9rOAhUE_WMKHQqOCrwQFggeMAA&url=http%3A%2F%2Fwww.deccanchronicle.com%2Fnation%2Fcurrent-affairs%2F190416%2Ftelangana-sees-big-loss-in-sharing-assets-with-ap.html&usg=AFQjCNFdAEWwWvH2Iyd6O1zEGPSibaGGGQ&sig2=p5PB1gb-xobIvVVJlAU3aA

[rapchik]

13 minutes ago, bondjamesbond said:

 

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