Sat, Mar 19, 2016, 08:26 AM
The Supreme Court delivered its verdict on freezing bank accounts of APSCHE by Telangana government. The SC kept aside the judgement given by the High Court of Hyderabad. The SC in its order has directed Andhra Pradesh and Telangana states to divide funds in 58: 42 ratio. The highest court rejected the Telangana government’s argument that all bank accounts in the name of AP government which were in Hyderabad belongs to them as per the Section 75 of AP Reorganisation Act. The SC ordered AP, TS to share 10th schedule assets in 58:42 ratio in 2 months.