Telangana government is gearing up to approach the Supreme Court once again over the division of assets and liabilities of the institutions under Section 10 of Andhra Pradesh Reorganization Act. Earlier in March, Supreme Court asked both the states to divide them in Population Ratio.
But Telangana government is keen on having them divided on Geographical Basis. Since most of these institutions are in Hyderabad, Telangana will get a lion’s share of these assets naturally. Telangana government recently filed a Review Petition over this in the Supreme Court but the Apex refused to take it into consideration.
Telangana government is gearing up for the last attempt to save these assets. The state government is planning to file a curative petition in the Supreme Court asking the Apex court to relook into its decision once again. If the Supreme Court once again turns it down, Telangana government will exhaust all of its options and will have to agree on the division.
There are 132 institutions under this Section and their total assets value is going to be 36835 Crore which includes lands, buildings, bank deposits and others. This 36835 Crore if divided, Andhra Pradesh will get 21,364 Crore while Telangana will get 15,471 Crore in population ratio. Out of the 36835 Crore, buildings and lands worth 28,046 Crore are in Telangana, more precisely in Hyderabad. The remaining 3650 Crore worth assets are in Andhra Pradesh. Remaining is in the form of bank deposits. Andhra Pradesh will have to lose about 14000 Crore if Telangana’s argument of division on geographical basis stands.
