Supreme Court: Telangana can’t keep all assets

The SC set aside the HC order whereby freezing of APSCHE’s bank accounts on a request by Telangana government was held valid.

Written by Utkarsh Anand | New Delhi | Updated: March 22, 2016 2:52 am
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In a relief for the Andhra Pradesh (AP) government, the Supreme Court has held as untenable and bad in law the Telangana government’s attempt to claim exclusive ownership over Rs 134 crore and other assets of the state higher education council after the bifurcation.

The apex court noted that the assets of the Andhra Pradesh State Education Council of Higher Education should be divided between AP and Telangana in the population ratio of 52:48, and that the latter cannot assert exclusive ownership because the assets were in Telangana’s region.

The SC set aside the HC order whereby freezing of APSCHE’s bank accounts on a request by Telangana government was held valid. The HC said only Telangana State Council could be allowed to operate bank accounts since it was now located in Telangana.

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