The Madhya Pradesh Reorganisation Act

Application of Part

Land and goods

Treasury and bank balances

Arrears of taxes

Right to recover loans and advances

Investments and credits in certain funds

Assets and liabilities of State undertaking

Public Debt

Floating loans

Refund of taxes collected in excess

Deposits, etc

Provident fund

Pensions

Contracts

Liability in respect of actionable wrong

Liability as guarantor

Items in suspense

Residuary provision

Apportionment of assets or liabilities by agreement

Power of Central Government to order allocation or adjustment in certain cases

Certain expenditure to be charged on Consolidated Fund


APPORTIONMENT OF ASSETS AND LIABILITIES


The benefit or burden of any asset or liability of the existing State of
Madhya Pradesh not dealt with in the foregoing provisions of this Part shall pass to the State of Madhya
Pradesh in the first instance, subject to such financial adjustment as may be agreed upon between the
States of Madhya Pradesh and Chhattisgarh or, in default of such agreement, as the Central Government
may, by order, direct.

LAWGIST

# 54 Residuary provision