Supreme Court Asks Uttarakhand, UP to Resolve THDC Shareholding Dispute
The Supreme Court has directed Uttarakhand and Uttar Pradesh to settle their dispute over shareholding in hydropower company THDC.
Current Summary
According to a September 22 Garhwal Post report, the Supreme Court has asked Uttarakhand and Uttar Pradesh to resolve their dispute over shareholding in the Tehri Hydro Development Corporation (THDC) through mutual discussion, and is exploring referring the matter to mediation. The dispute, pending since 2012, stems from the division of assets and equity following Uttar Pradesh's reorganisation, with Uttarakhand contesting why THDC assets and shareholding linked to the Tehri hydro project — located within Uttarakhand — went to UP. Uttarakhand's senior advocate Amit Anand Tiwari told the court the state has pursued the matter for nearly 14 years amid delays sought by the other side. The case will next be heard on September 28.
What We Know
- The Supreme Court has asked Uttarakhand and Uttar Pradesh to resolve a dispute over shareholding in THDC.
- THDC is a hydropower company with interests in Uttarakhand.
- The THDC shareholding dispute has been pending since 2012, stemming from the reorganisation of the erstwhile Uttar Pradesh
- The Supreme Court is exploring whether the dispute can be resolved through mediation
- The case will next be heard on September 28
- Uttarakhand's senior advocate Amit Anand Tiwari argued the state has pursued the case for nearly 14 years amid repeated delays
What Is Still Unclear
- The specific nature and origin of the shareholding dispute.
- The current shareholding stakes held by each state.
- Any deadline set by the court for resolution.
What Changed
- 23 Sept, 02:42 pmGarhwal Post reports the Supreme Court asked Uttarakhand and Uttar Pradesh to resolve the THDC shareholding dispute through mutual discussion, and is exploring referring the matter to mediation. The dispute concerns the division of assets and equity following the 2012 reorganisation of the erstwhile Uttar Pradesh, with Uttarakhand contesting why THDC assets and shareholding tied to a project located within its territory were allocated to UP. Uttarakhand's senior advocate Amit Anand Tiwari told the court the state has pursued the matter for nearly 14 years amid repeated delays sought by the other side. The case will next be heard on September 28.
- 22 Sept, 07:31 pmSignal detected: Supreme Court Asks Uttarakhand, UP to Resolve THDC Shareholding Dispute