Govt constitutes committee to value JAKFED assets

Jammu, Jan 7: The Jammu and Kashmir government on Wednesday constituted a high-level committee to assess and determine the value of assets of the Jammu and Kashmir Federation of Cooperative Societies (JAKFED) in connection with an ongoing legal dispute, according to an official order issued by the General Administration Department.
The committee has been formed in relation to LPA No. 107 of 2025 titled UT of J&K and others versus Sanjeev Bhagat and others, and will examine both the overall valuation of JAKFED assets and the present market value of structures raised by the federation on state land.
As per Government Order No. 27-JK (GAD) of 2026, the panel will be headed by the Special Secretary to the Government, Cooperative Department, as Chairman. Senior representatives from the General Administration Department, Revenue Department, Public Works Department, and the Department of Law, Justice and Parliamentary Affairs will serve as members. The Additional Registrar, Cooperative Societies, Jammu, in his capacity as Liquidator, has been designated as Member Secretary.
Officials said the committee has been tasked with assessing the value of JAKFED assets and calculating depreciation to arrive at a realistic current valuation. The findings are to be formally submitted to the Cooperative Department.
The order specifies that the committee must complete its assessment and submit its report within 15 days from the date of issuance of the order to enable further action by the government.
Copies of the order have been circulated to senior administrative offices, including the Financial Commissioner, Principal Secretary to the Lieutenant Governor, Ministry of Home Affairs, and other concerned departments for information and follow-up.
The constitution of the committee signals a move towards resolving asset-related issues linked to the long-pending litigation involving JAKFED through an institutional and legally compliant process. [KNT]