Panel formed to apportion J&K assets and liabilities

The Home Ministry has formed a three-member committee headed by retired IAS officer and former Defence Secretary Sanjay Mitra to apportion the assets and liabilities of Jammu and Kashmir between the two Union Territories that will come into being on October 31.

“As per Section 85 of the Jammu and Kashmir Reorganisation Act, 2019, the Central government by an order establishes one or more Advisory Committees for the apportionment of the assets, rights and liabilities of the companies and corporations constituted for the existing State of J&K between UT of J&K and UT of Ladakh,” the MHA said.

The other members are retired IAS officer Arun Goyal and Controller General of Accounts Giriraj Prasad Gupta.

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