In a significant step towards the liquidation process of the Jammu & Kashmir Cooperative Supply and Marketing Federation Ltd (JAKFED), the District Committee, chaired by Deputy Registrar Cooperative Societies Vishal Deep Chandan, conducted a comprehensive assessment and survey of immovable and movable assets related to the defunct entity.
The evaluation took place at the JAKFED premises in Gundi, Tehsil Haveli, marking the initiation of the asset inventory and valuation exercise. This move follows the closure of JAKFED by the Government of Jammu & Kashmir last year, as part of which surplus employees were redeployed to various departments.
In adherence to the Memorandum of Understanding (MoU) and various government orders, the liquidation process of JAKFED was set in motion in the previous year. Notably, JAKFED holds a substantial number of assets in the Poonch district, making the determination of the inventory and asset position a crucial aspect of the overall liquidation project. During the inspection, the Committee meticulously reviewed the land and buildings owned by JAKFED, examining both movable and immovable assets. This assessment aims to facilitate the efficient utilization and management of resources during the liquidation process. The process was supervised by Assistant Registrar (HQ) Amit Sharma, Senior Supervision Netar Prakash Verma, Junior Assistant Bal Krishna Khajuria, Abhinav Kesar, and employees of JAKFED, among others.
The asset valuation exercise is expected to provide a comprehensive understanding of JAKFED’s holdings, enabling the authorities to plan and execute the liquidation process effectively, ensuring transparency and optimal resource management.
