Dehra Dun, July 11 (PTI) The Uttarakhand government would move the Supreme Court to transfer its share of 25 per cent equity in Tehri Hydro Development Corporation India Limited (THDCIL) that was invested by erstwhile undivided Uttar Pradesh, a top state official said today. Uttarakhand Chief Secretary Alok Kumar Jain has also written a letter to his Uttar Pradesh counterpart Jawed Usmani stating that Uttarakhand would be bound to seek justice from the apex court if UP does not transfer the equity in THDCIL to the hill state, an official release said. In this regard, Jain also directed the officials concerned to accord priority for preparation of writ petition on the issue. The move comes after a letter from Home Minister P Chidamabaram to Uttarakhand Chief Minister Vijay Bahuguna in which he had stated that Centre had no power to direct the UP government to transfer the shares to Uttarakhand. As THDCIL is not under 9th schedule of companies, the Central government cannot issue directions for transfer of equity to Uttarakhand, Chidambaram had said. The Home Minister, however, had said in case there is no mutual agreement between Uttar Pradesh and Uttarakhand on the issue, the latter may take the case to the apex court in pursuance of its claim. Tehri Hydro Development Corporation India (THDCIL) was constituted as a joint venture between the Central government and government of undivided Uttar Pradesh. After creation of Uttarakhand, all activities of Corporation fall within the territory of Uttarakhand and state has funded the relief and rehabilitation work of Tehri dam project, Jain said. Since the THDCIL and all its activities are based in Uttarakhand, therefore, the state is entitled for the transfer of share capital invested by Uttar Pradesh in THDCIL.
Src: IBN Live